Norwegian Air Offers Heavily Discounted Shares to Shore Up Balance Sheet
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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the primary reason for the initial drop in the company's stock value?
A change in company leadership
A major lawsuit against the company
A rights issue offering shares at a deep discount
A sudden market crash
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the company's strategy that led to financial struggles?
Investing heavily in technology
Aggressive, low-cost long haul expansion
Focusing on luxury travel
Reducing workforce to cut costs
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the expected solution to the company's financial issues before the rights issue?
A takeover bid by IAG
A merger with a competitor
A new marketing campaign
A government bailout
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the potential purpose of the new funding for the company?
To prepare for a new takeover bid
To pay off existing debts
To stabilize the company for independent operation
To launch a new product line
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the stock price change after the initial panic sell?
It continued to decline
It surged to a new high
It stabilized at the same level
It recovered slightly
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