The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.   The company has 6,000 issued shares and has 1,000 shares held in Treasury.   How much money can the company raise in total by issuing new shares of stock?       $200,000     $500,000     $350,000     $150,000

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter3: The Financial Environment: Markets, Institutions And Investment Banking
Section: Chapter Questions
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  1. The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of $50/share.  

    The company has 6,000 issued shares and has 1,000 shares held in Treasury.  

    How much money can the company raise in total by issuing new shares of stock?  

       

    $200,000

       

    $500,000

       

    $350,000

       

    $150,000

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