Net Price per Share = Gross Price * (1 - Underwriting Spread)
Net price per share = $65 * (1 - 6%) = $61.10
Amount need to be raised = $66 million
Number of shares = $66,000,000/$61.10 = 1,080,196 shares
The St. Anger Corporation needs to raise $66 million to finance its expansion into new markets....
The Scandrick Corporation needs to raise $66 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $65 per share and the company's underwriters charge a spread of 6 percent. If the SEC filing fee and associated administrative expenses of the offering are $925,000, how many shares need to be sold? (Do not round Intermediate calculations and enter your answer...
The Zuri Co. needs to raise $66.6 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $66 per share and the company’s underwriters charge a spread of 8 percent. The SEC filing fee and associated administrative expenses of the offering are $466,000. How many shares need to be sold? (Do not round intermediate calculations and enter your answer in...
The Elkmont Corporation needs to raise $63.8 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $22 per share and the company's underwriters charge a spread of 7.5 percent. How many shares need to be sold?(Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.) Number of shares...
The Hagelin Corporation needs to raise $52 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $45 per share and the company’s underwriters charge a spread of 7 percent, how many shares need to be sold? (Do not round intermediate calculations and round your answer to the nearest whole number. Enter your answer in shares, not millions, e.g.,...
The Elkmont Corporation needs to raise $52.1 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $37 per share and the company’s underwriters charge a spread of 9.5 percent. The SEC filing fee and associated administrative expenses of the offering are $1,461,000. How many shares need to be sold? (Do not round intermediate calculations and enter your answer in...
The Scandrick Corporation needs to raise $73 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $70 per share and the company's underwriters charge a spread of 8 percent, how many shares need to be sold? (Do not round Intermediate calculations and enter your answers in shares, not millions of shares, rounded to the nearest whole number, e.g.,...
The Scandrick Corporation needs to raise $52 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $45 per share and the company's underwriters charge a spread of 7 percent. If the SEC filing fee and associated administrative expenses of the offering are $650,000, how many sharess need to be sold? (Do not round intermediate calculations and enter your answer...
The Elkmont Corporation needs to raise $63.8 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $22 per share and the company's underwriters charge a spread of 7.5 percent. The SEC filing fee and associated administrative expenses of the offering are $1,450,000. How many shares need to be sold? (Do not round intermediate calculations and enter your answer in...
The Sullivan Co. needs to raise $65.9 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $59 per share and the company's underwriters charge a spread of 8.5 percent. How many shares need to be sold? (Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g., 1,234,567.)...
The Valhalla Corporation needs to raise $76 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $70 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold? (Do not round intermediate calculations and round your final answer to nearest whole number. Enter your answer in dollars, not millions of...