A student remarks: "135,000,000 shares of General Electric were sold yes- y on the New York Stock Exchange, at an average price of $25 per share. That s General Electric just received over $3.4 billion from investors." Briefly explain 1

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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1.
A student remarks: "135,000,000 shares of General Electric were sold yes-
terday on the New York Stock Exchange, at an average price of $25 per share. That
means General Electric just received over $3.4 billion from investors.” Briefly explain
whether you agree with the student's analysis.
Transcribed Image Text:1. A student remarks: "135,000,000 shares of General Electric were sold yes- terday on the New York Stock Exchange, at an average price of $25 per share. That means General Electric just received over $3.4 billion from investors.” Briefly explain whether you agree with the student's analysis.
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Money received from selling shares is equal to = Number of shares x Price per share

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