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QUESTION
A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares....
I need help figuring gain or loss.
A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares.
What percentage of the value of the company's existing equity prior to the announcement is this expected gain or loss?
