Big Apple Investment Bankers offers Northern Diagnostics the following options on its initial public sale of equity:
Question:
Big Apple Investment Bankers offers Northern Diagnostics the following options on its initial public sale of equity: (1) a best-efforts arrangement whereby Big Apple will keep 2 % of the retail sales or (2) a firm-commitment arrangement of $6,000,000. Lunar plans on offering 1,000,000 shares at $7.50 per share to the public. If 100% of the shares are sold, which is the better choice for Northern Diagnostics? Which is the better choice for Big Apple Investment Bankers? What is the break-even sales percentage for Northern Diagnostics (point of indifference) and what will each party receive at the break-even sales percentage?
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Proceeds for Northern Diagnostics under each type of sales agreement Best E...View the full answer
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Jekil Gadhiya
I am Jekil Gadhiya, completed my Graduation(B.Sc in Mathematics) from Saurashtra University in 2012, post-graduation( M.Sc in Mathematics) from Saurashtra University in 2014.Currently I am doing research on Graph theory and pursing my Ph.D. from the same university.
I have been working as an Assistant Professor in an Engineering College from last 5 years. Also, I am having 5 years of Online teaching experience in different online websites (like Chegg,study.com, Tutoreye, Toppr, etc).
As per my view Mathematics is not the subject of formulae and theorem only, but it's the subject of pattern and logic. So learning and teaching this phenomenal subject is always being fun for me.To learn this subject you need an eye to see a logical pattern behind the things and I'm able to provide it due to the broad experience of teaching Mathematics.
Subject wise I have several experiences in teaching Calculus, Algebra, Linear Algebra, Differential Equations, Trigonometry, Vedic Maths, etc.
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