Business, 12.08.2020 04:01, nickmoose04
Jenny Corp. needs to raise $53 million to fund a new project. The company will sell shares at a price of $29.00 in a general cash offer and the company's underwriters will charge a spread of 7.5 percent. The direct flotation costs associated with the issue are $925,000. How many shares need to be sold?
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Jenny Corp. needs to raise $53 million to fund a new project. The company will sell shares at a pric...
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