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The Thompson Corp. wishes to restructure its finances and you are assigned the task of determining the feasibility of the plan. If the firm were to sell $6,500,000 worth of $1 par value common stock, it would be used to redeem a portion of its long-term debt. The offering price per share would be $27.00. How many shares will be offered?

6,500,000

240,741

250,000

2,500,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92408627

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