Assigned the task of determining the feasibility of the plan

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Reference no: EM131599914

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

Reference no: EM131599914

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