August 16, 2012 Health Care REIT, Inc. (HCN) stock closed at $60.17 on trading volume of 1,660,000. That same day HCN completes a public offering of 13,800,000 shares which it sells for a price of $58.75 each. What most closely represents the increase in market capitalization HCN experienced from the new stock offering?
A) $97,525,000
B) $99,882,200.
C) $810,750,000
D) $830,346,000
Correct Answer:
Verified
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