Larry Nelson holds 1,000 shares of General Electric (GE) common stock.
Larry holds 2,000...
Business, 20.04.2020 23:52 hiiliohi3823
Larry Nelson holds 1,000 shares of General Electric (GE) common stock.
Larry holds 2,000 shares of common stock in a company that only has 20,000 shares outstanding. The company's stock currently is valued at $41.00 per share. The company needs to raise new capital to invest in production. The company is looking to issue 5,000 new shares at a price of $32.80 per share. Larry worries about the value of his investment. Larry's current investment in the company is .
Answers: 2
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