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Raybac is about to go public. Its present stockholders own 590,000 shares. The new public issue will represent 920,000 shares. The shares will be priced
Raybac is about to go public. Its present stockholders own 590,000 shares. The new public issue will represent 920,000 shares. The shares will be priced at $60 to the public with a 10% spread. The out-of-pocket costs in addition to the spread will be $420,000. What are the net proceeds to Raybac? A $49,260,000 B $-5,944,940 $49,265,000 $49,275,000 Raybac is about to go public its present stockhoiders own 590,000 shares. The new public issue will represent 920,000 shares. The shares will be priced at $60 to the public with a 10$ spread. The out of-pocket costs in addition to the spread will be 5420,000 . What are the net proceeds to Raybac? $49,260,000 (B) 55,944,940 (C) $49.265.000 (D) $49,275,000
Raybac is about to go public. Its present stockholders own 590,000 shares. The new public issue will represent 920,000 shares. The shares will be priced at $60 to the public with a 10% spread. The out-of-pocket costs in addition to the spread will be $420,000. What are the net proceeds to Raybac? A $49,260,000 B $-5,944,940 $49,265,000 $49,275,000
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