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Shanos lnc would like to finance an experimental cost-saving procodure by issuing now common stock. The corporabion's exising common shock curtently sells for $46.99. Mantagoment
Shanos lnc would like to finance an experimental cost-saving procodure by issuing now common stock. The corporabion's exising common shock curtently sells for \$46.99. Mantagoment beleves that they can ksue new common stock at this price, incurring folation costs of 6.60 h of the current market price. What is the stocks not markot price (net proceods)? Subrit your answer as a dollar amount and round your answor to two docimal places ( Ex. 50.00)
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