Number of shares offered | = | 12,20,710 | |
Workings: | |||
Number of shares offered: | |||
[$59 X (1 - .085)] X Number of shares | = | $ 6,59,00,000 | |
$53.985 X Number of shares | = | $ 6,59,00,000 | |
Number of shares | = | $65900000 / $53.985 | |
Number of shares | = | 1220709.46 | |
= | 12,20,710 | Rounded off | |
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> The answer is correct and this is the correct way to find the answer to this problem
Justice7 Fri, Dec 3, 2021 8:05 AM