Question
Flagler, Inc. needs to raise $14.7 million to finance its expansion. The company will sell new shares of equity via a general cash offering to
Flagler, Inc. needs to raise $14.7 million to finance its expansion. The company will sell new
shares of equity via a general cash offering to raise the needed funds. The offer price is $26 per
share and the company's underwriters charge a spread of 8.5 percent. How many shares need to
be sold? (Round up the next whole share.)
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Smart Supply Chain Finance
Authors: Hua Song
1st Edition
9811659966, 978-9811659966
