A company needs $1,370,560 to finance a new project. The company plans to issue new common shares
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A company needs $1,370,560 to finance a new project. The company plans to issue new common shares at a price of $18.38 per share to fund this project. If the company must issue at least 79,160 shares to have enough funds for the new project, what is the underwriting spread?
|
| 5.37% |
|
| 5.51% |
|
| 5.66% |
|
| 5.80% |
|
| 5.95% |
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