A firm has just issued $250 million of equity, which caused its stock price to drop by 3%. Calculate the loss in value of the firm's equity given that its market value of equity was $1 billion before the new issue.
A. $7.5 million
B. $30.0 million
C. $33.3 million
D. $37.5 million
Ans: B. $30.0 million
Business
You might also like to view...
The real interest rate is actually the ex ante real interest rate because it is adjusted for actual changes in the price level
Indicate whether the statement is true or false
Business
Benefits of the latest visual analytics tools, such as SAS Visual Analytics, include all of the following EXCEPT
A) mobile platforms such as the iPhone are supported by these products. B) it is easier to spot useful patterns and trends in the data. C) they explore massive amounts of data in hours, not days. D) there is less demand on IT departments for reports.
Business