Question
165 million shares outstanding on January 1, 2018 and that on April 16, 2018, the company issued an additional 30 million shares to the market
165 million shares outstanding on January 1, 2018 and that on April 16, 2018, the company issued an additional 30 million shares to the market at the market price of $130 per share.What was the expected effect of this share issue on the price per share?
The price per share is expected to increase
The price per share is expected to decrease
The price per share is expected to remain the same
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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
