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Catherine owns 100 shares in Telstra Inc. Telstra has 20 million shares outstanding that are trading at $8.5 each. Telstra has decided to place 3

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Catherine owns 100 shares in Telstra Inc. Telstra has 20 million shares outstanding that are trading at $8.5 each. Telstra has decided to place 3 million shares to a group of hedge funds at $6.5 each. Based only on the information above, the wealth transfer suffered by Catherine due to this private placement is closest to, O None of the other answers are correct. $16.71 $31.25 $23.50 O $26.09

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