Management of Crane, Inc., is planning to raise $1,317,500 in new equity through a private placement
Management of Crane, Inc., is planning to raise $1,317,500 in new equity through a private placement. If the sale price is $21.25 per share, how many shares does the company have to issue?
Number of shares _______ shares
Homework Answers
Number of shares to be issued to raise $1,317,500
Number of shares to be issued = Amount raised / Selling price per share
= $1,317,500 / $21.25 per share
= 62,000 Shares
“Hence, the Number of shares to be issued will be 62,000 Shares”
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Management of Crane, Inc., is planning to raise $1,317,500 in new equity through a private placement
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