Question
The current market value of Tanus Corporation's equity is $90 million.The company has 25 million outstanding shares and will issue 5 million new shares.The investment
The current market value of Tanus Corporation's equity is $90 million.The company has 25 million outstanding shares and will issue 5 million new shares.The investment banker charges a 7% spread.
How much cash will the company raise net of the spread?
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Small Business Management Launching and Growing New Ventures
Authors: Justin Longenecker, Leo Donlevy, Terri Champion, William Petty, Leslie Palich, Frank Hoy
6th Canadian edition
176532218, 978-0176532215
