17-2A. (Flotation costs and issue size) Your firm needs to raise $10 million. Assuming that flotation costs
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17-2A. (Flotation costs and issue size) Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per share and that the market price of the stock is $120, how many shares would have to be issued? What is the dollar size of the issue?
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Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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