New Built wants to buy back 20,000 shares at $21 per share through a public offering. Shareholders responded by offering 26,500 shares at $21 a share. Suppose you are a shareholder and you offered your 300 shares as part of the shareholder response. How many of your shares should you expect New Built to buy?

Answer rating: 100% (QA)

New Built wants to buy 20000 shares but shareholders have offered 26500 shares This means that th... View the full answer