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Phoebe owns 250 shares in Optus Inc. Optus has 20 million shares outstanding that are trading at $6 each. Due to a liquidity crisis, Optus
Phoebe owns 250 shares in Optus Inc. Optus has 20 million shares outstanding that are trading at $6 each. Due to a liquidity crisis, Optus decides to place 5 million shares to a group of hedge funds at $4.5 each. How much money did Phoebe lose due to this private placement, based only on the information above? (Round to the nearest 2 digits) Group of answer choices $100.75 $55.65 $75.00 None of the other answers
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