Question
ABC would like to finance a new project by issuing new common stock. The corporations existing common stock sells for $24.50. Management believes that they
ABC would like to finance a new project by issuing new common stock. The corporations existing common stock sells for $24.50. Management believes that they can issue new common stock at this price, incurring flotation of 4% of the current market price. What is the stocks net market price?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
1st Edition
1607962233, 978-1607962236
