Best Shoes,Inc.stocks are trading at $10 per share.Currently,the company has a very ineffective investor relations and financial communications strategy.What would be the expected trading price if Best Shoes,Inc.develops and implements an effective investor relations and financial communications strategy?

Question

Quizplus · Accepted Answer

Investing in an effective investor relations and financial communications strategy can increase investor confidence and attract new investors, which can lead to an increase in demand for Best Shoes, Inc. stocks. This increase in demand can drive up the stock price, possibly to around $13 per share according to market trends. Therefore, choice C is the best option. Choices A and B are too low and would not reflect a significant improvement in the company's market value, while choice D is too high and does not reflect realistic market expectations.