The thompson corp wishes to restructure its finances and, Financial Management

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The thompson corp wishes to restructure its finances and

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

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