A student remarks: 135,000,000 shares of General Electric were sold yesterday on the New York Stock Exchange,
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A student remarks: “135,000,000 shares of General Electric were sold yesterday on the New York Stock Exchange, at an average price of $25 per share. That means General Electric just received over $3.4 billion from investors.” Briefly explain whether you agree with the student’s analysis.
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If these shares of stock were newly issued by GE and sold to the pub...View the full answer
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Related Book For 
Money Banking And The Financial System
ISBN: 1801
3rd Edition
Authors: R. Glenn Hubbard, Anthony Patrick O'Brien
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