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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