Homework Answers
x*(29.60*(1-6.5%))-1075000=56000000
=>x=(56000000+1075000)/(29.60*(1-6.5%))
=>x=2062256.10637
2062256 shares
Add Answer to:
40 Jenny Corp. needs to raise $56 million to fund a new project. The company will...
Jenny Corp. needs to raise $49.5 million to fund a new project. The company will sell...
Jenny Corp. needs to raise $49.5 million to fund a new project. The company will sell shares at a price of $28.30 in a general cash offer and the company's underwriters will charge a spread of 6 percent. The direct flotation costs associated with the issue are $750,000. How many shares need to be sold? Multiple Choice 1,650,110 shares 1,888,956 shares 1,819,036 shares 1,749,117 shares 1,699,613 shares
Disturbed Corp. needs to raise $56 million to fund a new project. The company will sell...
Disturbed Corp. needs to raise $56 million to fund a new project. The company will sell shares at a price of $23.50 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 $675.000 and the indirect costs are $425.000 How many shares need to be sold? Multiple Choice 2.382.979 shares O 2.264,509 shares O 2.598.703 shares 0 2254520 shares 0 2.490.841 res
Disturbed Corp. needs to raise $56.5 million to fund a new project. The company will sell...
Disturbed Corp. needs to raise $56.5 million to fund a new project. The company will sell shares at a price of $23.60 in a general cash offer and the company's underwriters will charge a spread of 7 percent. The direct flotation costs associated with the issue are $700,000 and the indirect costs are $435,000. How many shares need to be sold? Multiple Choice 2,265,167 shares 2,510,024 shares 2,254,673 shares 2,625,980 shares 2,394,068 shares
The Sullivan Company needs to raise $66.4 million to finance its expansion into new markets. The...
The Sullivan Company needs to raise $66.4 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 $64 per share and the company's underwriters charge a spread of 9 percent. How many shares need to be sold?
The Educated Horses Corporation needs to raise $40 million to finance its expansion into new markets....
The Educated Horses Corporation needs to raise $40 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 $30 per share and the company's underwriters charge an 8 percent spread. If the SEC filing fee and associated administrative expenses of the offering are $1,080,000, how many shares need to be sold? (Do not round your intermediate calculations.) O 1,488,406 O...
The Sullivan Co. needs to raise $65.8 million to finance its expansion into new markets. The...
The Sullivan Co. needs to raise $65.8 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 $58 per share and the company's underwriters charge a spread of 8 percent. How many shares need to be sold?
Flotation costs The A Co. wants to raise $20 million to fund a new project. The...
Flotation costs The A Co. wants to raise $20 million to fund a new project. The company estimates that it will spend $500,000 for accounting, legal and other costs related to the issue. The underwriting spread is 7.5 percent. The issue price of the stock is $25 a share. How many shares of stock does the A Co. need to sell?
The Scandrick Corporation needs to raise $66 million to finance its expansion into new markets. The...
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 Sullivan Co. needs to raise $66.3 million to finance its expansion into new markets. The...
The Sullivan Co. needs to raise $66.3 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 $63 per share and the company's underwriters charge a spread of 8.5 percent. The SEC filing fee and associated administrative expenses of the offering are $463,000. 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 n...
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...
Disturbed Corp. needs to raise $56 million to fund a new project. The company will sell shares at a price of $23.50 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 $675.000 and the indirect costs are $425.000 How many shares need to be sold? Multiple Choice 2.382.979 shares O 2.264,509 shares O 2.598.703 shares 0 2254520 shares 0 2.490.841 res
The Educated Horses Corporation needs to raise $40 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 $30 per share and the company's underwriters charge an 8 percent spread. If the SEC filing fee and associated administrative expenses of the offering are $1,080,000, how many shares need to be sold? (Do not round your intermediate calculations.) O 1,488,406 O...
Flotation costs The A Co. wants to raise $20 million to fund a new project. The company estimates that it will spend $500,000 for accounting, legal and other costs related to the issue. The underwriting spread is 7.5 percent. The issue price of the stock is $25 a share. How many shares of stock does the A Co. need to sell?
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 Sullivan Co. needs to raise $66.3 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 $63 per share and the company's underwriters charge a spread of 8.5 percent. The SEC filing fee and associated administrative expenses of the offering are $463,000. 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. 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...
Most questions answered within 3 hours.
-
The Yankee's have a contract with their newly hired manager that
requires a lump sum payment...
asked 5 minutes ago -
A travelling salesman sells milkshake mixing machines and on
average sells 8.9 machines per month. He...
asked 10 minutes ago -
what's the danger in the fact that the market value of a stock
is based on...
asked 24 minutes ago -
Describe how do you feel about the post below and
why?
Listening to the podcast reaffirmed...
asked 33 minutes ago -
To start an avalanche on a mountain slope, an artillery shell is
fired with an initial...
asked 46 minutes ago -
The population of bacteria in a culture can be modeled by P left
parenthesis t right...
asked 50 minutes ago -
Which factors can prevent permanent fixation of an allele (i.e.
maintain genetic diversity)? Hint: You're going...
asked 52 minutes ago -
Compare a two-year bond with two successive one-year bonds in a
situation in which an investor...
asked 1 hour ago -
Chapter 6
Search the internet and find a newspaper example of a price
ceiling, price floor...
asked 1 hour ago -
Sarah Bates, calendar year taxpayer, started a new business on
October 8th. A number of start-up...
asked 1 hour ago -
You and your friends are playing in the swimming pool with a
40-cm-diameter beach ball. How...
asked 1 hour ago -
Patterson Development sometimes sells property on an installment
basis. In those cases, Patterson reports income in...
asked 1 hour ago