Your company needs to raise 5m$ for international expansion. The decision was The made to fund the
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Question:
Your company needs to raise 5m$ for international expansion. The decision was The made to fund the project via new share issue. The share price is 24$. The underwriter agreed to take 7% commission on the issue and other indirect costs not included in the spread amount to $56,000.
• compute the net $ amount you will receive per share sold.
• How many additional shares will you have to issue to cover for indirect expenses?
• Compute the total amount of shares that need to be sold at 24$.
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