Question
A company is planning to sell new shares of equity at an offer price of $100 per share via a general cash offering. The companys
A company is planning to sell new shares of equity at an offer price of $100 per share via a general cash offering. The companys book value per share is $92. If the company wants to raise $19,400,000 and its underwriters charge a 3% spread, how many shares does the company need to sell?
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Handbook Of Asian Finance Financial Markets And Sovereign Wealth Funds
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009829, 978-0128009826
