Macchiato Ltd had 700,000 shares at the end of 2015., Singapore

Assignment Details:

(f) Macchiato Ltd had 700,000 shares at the end of 2015. On January 23, 2016, it issued an additional 250,000 shares to the market at the market price of $42 per share. Assess the effect of this share issue on the price per share of the firm.

 

Answer

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