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Tennessee Valley Antiques has been in business and public for many years. It pays an annual dividend of $ 2.10 per share. As the new
Tennessee Valley Antiques has been in business and public for many years. It pays an annual dividend of $ 2.10 per share. As the new CFO, you have suggested that when and if the cost of equity gets to 12.5%, the company should issue new shares to the public...The current market price is $ 16 per share. While you are waiting for the anticipated market movement, a hedge fund comes in and offers $ 17 per share for up to $ 1,000,000 shares as a private placement which they will settle in one week What do you do and why
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