Question
The Zuri Co. needs to raise $65.5 million to finance its expansion into new markets. The company will sell new shares of equity via a
The Zuri Co. needs to raise $65.5 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $55 per share and the company's underwriters charge a spread of 8.5 percent.
How many shares need to be sold?
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
