Business, 24.03.2020 20:56, almasahagung

Jenny Corp. needs to raise $50 million to fund a new project. The company will sell shares at a price of $28.40 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent. The direct flotation costs associated with the issue are $775,000. How many shares need to be sold

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Jenny Corp. needs to raise $50 million to fund a new project. The company will sell shares at a pric...