Question
A company needs $1,460,000 to finance a new project. The company plans to issue new common shares at a price of $19.22 per share to
A company needs $1,460,000 to finance a new project. The company plans to issue new common shares at a price of $19.22 per share to fund this project. If the company must issue at least 81,280 shares to have enough funds for the new project, what is the underwriting spread?
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Financial Institutions Management A Risk Management Approach
Authors: Anthony Saunders, Marcia Millon Cornett, Otgo Erhemjamts
11th International Edition
9781266138225
