What is the amount of earnings per share after the stock


Maxwell Corp. is coming to the market with a new offering of 450,000 shares of stock at $22 to the public. Maxwell will receive $19 per share. The firm has one million shares outstanding and earnings of $6 million before recording the new issue. What is the amount of earnings per share after the stock issuance?

$6.00

$1.38

$2.79

$3.21

Request for Solution File

Ask an Expert for Answer!!
Financial Management: What is the amount of earnings per share after the stock
Reference No:- TGS02256813

Expected delivery within 24 Hours