Question
Using the following information, calculate N e (existing common shares outstanding+new shares) : Format your answer in millions to the hundredths place. 14,516,000 would be
Using the following information, calculate Ne (existing common shares outstanding+new shares):
Format your answer in millions to the hundredths place. 14,516,000 would be entered as 14.52
The firm needs to raise $23m which it can do with debt at 6.05% or stock at $117 per share.
Existing securities:
| Security | Amount | Rate or Dividend |
| Bonds | $494m | 5.98%. |
| Stock | 689m | $0.51 per share |
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Horngrens Accounting Volume 1
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
12th Canadian Edition
0136889373, 9780136889373
