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Business, 29.05.2021 02:40 Horiizon93
Zonk Company needs to raise $47.5 million to fund a new project. The company will sell shares at a price of $27.90 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 $650,000. How many shares need to be sold?
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Zonk Company needs to raise $47.5 million to fund a new project. The company will sell shares at a p...
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