Question
Janet and Gilbert learn that the investment bankers aretwo-timing scoundrels! They are also serving as leadunderwriters for theSoft Sales newissue! To keep the dealwith InterCat,
Janet and Gilbert learn that the investment bankers aretwo-timing scoundrels! They are
also serving as leadunderwriters for theSoft Sales newissue! To keep the dealwith
InterCat, the bankers agree to let Janet and Gilbert in on a little secret. Soft Sales has been
forced to delayits public issuebecause the company'srecords are disorganizedand
incomplete. Given this new information, Janet and Gilbert decide that they can be more
lenient on the initialpublic offering timeframe.They want to complete the processof
issuing new stock within 24 weeks instead of 22 weeks. Assume that the cost and time to
complete the appointment of the registrar and transfer agent are the same as in part c. How
can InterCat meet this new deadline set by Janet and Gilbert at minimum cost?
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