Catherine owns 100 shares in Telstra Inc. Telstra has 20 million shares outstanding that are trading at $8.5 each. Telst

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answerhappygod
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Catherine owns 100 shares in Telstra Inc. Telstra has 20 million shares outstanding that are trading at $8.5 each. Telst

Post by answerhappygod »

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
$31.25
$16.71
$23.50
$26.09
None of the other answers are correct.
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