Business, 05.05.2020 16:42 angelaisthebest1700

NU-Tech wants to raise $11.6 million to purchase equipment by issuing new securities. Management estimates the issue will cost the firm $785,000 for accounting, legal, and other costs. The underwriting spread is 7.5 percent and the issue price is $23 per share. How many shares of stock must be sold if the firm is to have sufficient funds remaining after costs to purchase all of the desired equipment?

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NU-Tech wants to raise $11.6 million to purchase equipment by issuing new securities. Management est...

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