Devine linens (dl) must raise $14,000,000 to support future growth. if it raises the funds by issuing stock, dl must pay an investment banker 5 percent of the total amount issued plus $250,000 in other costs associated with the issue. what is the amount of stock that dl must issue to net $14,000,000 after flotation costs?
a. $14,962,500b. $14,950,000c. $14,737,092d. $15,000,000e. $13,537,500
Answers: 1
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Devine linens (dl) must raise $14,000,000 to support future growth. if it raises the funds by issuin...
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