Question
Stride Rite Ltd, designer and marketer of athletic apparel, is planning an expansion into foreign markets and needs to raise $10 million to finance this
Stride Rite Ltd, designer and marketer of athletic apparel, is planning an expansion into foreign markets and needs to raise $10 million to finance this move. The company plans to do an open public offering for $13 a share. The company's underwriters charge a 5 per cent spread. How many shares does the company need to sell to achieve its goal?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
