Question
A company is planning to sell new shares of equity at an offer price of $20 per share via a general cash offering. The companys
A company is planning to sell new shares of equity at an offer price of $20 per share via a general cash offering. The companys book value per share is $17. If the company wants to raise $4,800,000 and its underwriters charge a 4% spread, how many shares does the company need to sell?
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Financial Management For Decision Makers
Authors: Peter Atrill
9th Edition
1292311436, 978-1292311432
