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Yellow Corporation stock currently sells for $40 per share. There are 10 million shares currently outstanding. The company announces plans to raise $4 million by
Yellow Corporation stock currently sells for $40 per share. There are 10 million shares currently outstanding. The company announces plans to raise $4 million by offering shares to the public at a price of $40 per share. If the underwriting spread is 8 %, how many shares will the company need to issue in order to be left with net proceeds of $4 million? Enter your answer as a whole number not in millions. (For example, 1,000,000 not 1 million.) Shares = Number Section Attempt 1 of 1 Verify
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