Question
Gravity, Inc., needs to raise $46.5 million to fund its expansion plans. The company will sell shares at a price of $27.70 in a general
Gravity, Inc., needs to raise $46.5 million to fund its expansion plans. The company will sell shares at a price of $27.70 in a general cash offer and the company's underwriters will charge a spread of 7 percent. How many shares need to be sold?
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Financial Markets Instruments And Institutions
Authors: Anthony M. Santomero, David Babbel
2nd Edition
0072358688, 9780072358681
