D) The public knows that management has insider knowledge of the true state. The public also knows that management will never announce an equity issuance to finance a new project if the APV is negative. Suppose that management announces that it will issue $100M in equity to finance the new mining project. What does the public learn about the true state? Therefore, what percentage of the overall company will investors demand in exchange for $100M?

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.