You own 8 % or 36,000 shares of Selma, Inc. Your shares have a total market value of $846,000. By what percentage will the total value of your investment in Selma change if the company sells an additional 50,000 shares of stock at $20 a share and you do not buy any?
A) -.35 %
B) -.48 %
C) -.93 %
D) -1.38 %
E) -1.49 %
Correct Answer:
Verified
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