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Assume SCB is considering an equity issue to finance a new ATM equipment. SCB needs GHS15 million for this equipment. If direct costs are estimated

Assume SCB is considering an equity issue to finance a new ATM equipment. SCB needs GHS15 million for this equipment. If direct costs are estimated at 8 percent of the amount to be raised,

a. How large should the issue be?

b. What is the cedi amount of the flotation cost?

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