Question
Jenny Corp. needs to raise $49 million to fund a new project. The company will sell the stock at a price of $28.20 in its
Jenny Corp. needs to raise $49 million to fund a new project. The company will sell the stock at a price of $28.20 in its overall cash offering, and the company's insurers will demand a 7.5 percent difference. The issuance-related direct public offering costs are US$725,000. How many shares need to be sold?
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To calculate the number of shares that need to be sold to raise 49 million we need to consider the o...
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
