Question
A company wants to raise $15 million to fund a project. The company estimates the issue costs including the legal and accounting fees will be
A company wants to raise $15 million to fund a project. The company estimates the issue costs including the legal and accounting fees will be $568,100. The underwriters have set the stock price at $25.50 per share and the underwriting spread at 8.98%. How many common shares does the company have to sell to meet its cash need?
|
| 637,209 |
|
| 653,978 |
|
| 670,747 |
|
| 687,515 |
|
| 704,284 |
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Sport Funding And Finance
Authors: Bob Stewart
2nd Edition
041583984X, 978-0415839846
