Multiple Choice
You own 10 % or 5,000 shares of Microprocessors, Inc. These shares have a total market value of $115,000. By what percentage will the total value of your investment in Microprocessors change if the company sells an additional 20,000 shares of stock at $18 a share and you do not buy any?
A) -6.63 %
B) -6.21 %
C) 00 %
D) 9.57 %
E) 9.82 %
Correct Answer:
Verified
Correct Answer:
Verified
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