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Magenta Corporation wants to raise $51.8 million in a seasoned equity offering, net of all fees. Magenta stock currentl...
Magenta Corporation wants to raise $51.4 million in a seasoned equity offering, net of all fees....
Magenta Corporation wants to raise $51.4 million in a seasoned equity offering, net of all fees. Magenta stock currently sells for $12 per share. The underwriters will require a spread of $0.4 per share, and indicate that the issue must be underpriced by 4 percent. In addition to the underwriter’s fee, the firm will incur $2,400,000 in legal, accounting, and other costs. How many shares must Magenta sell? (Enter your answer in millions rounded to 3 decimal places.)
A company is planning a new plant and needs to raise (net of underwriting cost) $14.25...
A company is planning a new plant and needs to raise (net of underwriting cost) $14.25 million to finance it. The company plans to raise the money through a general cash offering priced at an offer price of $5 a share. The underwriters charge a 5 per cent spread. How many shares does the company have to sell to achieve its goal (in millions to three decimal places)? (Hint: required amount/(1-spread) = issue amount) Select one: a. 3.000 b. 15.789...
The Scandrick Corporation needs to raise $80 million to finance its expansion into new markets. The...
The Scandrick Corporation needs to raise $80 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 $35 per share and the company’s underwriters charge a spread of 5 percent. If the SEC filing fee and associated administrative expenses of the offering are $600,000, how many shares need to be sold? (Do not round intermediate calculations and enter your answer...
The Elkmont Corporation needs to raise $51.5 million to finance its expansion into new markets. The...
The Elkmont Corporation needs to raise $51.5 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 $31 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 $1,455,000. How many shares need to be sold? (Do not round intermediate calculations and enter your answer in...
YVR, Inc. just announced a 13-million-share SEO (seasoned equity offering) at $43 per share. If all...
YVR, Inc. just announced a 13-million-share SEO (seasoned equity offering) at $43 per share. If all of the SEO shares are primary shares and its underwriter charges 8% of the gross proceeds, how much new capital will YVR raise? After underwriting fees, YVR will raise $____ million. (Round to two decimal places.)
The Scandrick Corporation needs to raise $52 million to finance its expansion into new markets. The...
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...
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 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...
Item 5 Item 5 The Elkmont Corporation needs to raise $63.8 million to finance its expansion...
Item 5 Item 5 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...
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 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 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 $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...
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