Best option manufacturing wants to issue 2 million new, Financial Management

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Best option manufacturing wants to issue 2 million new

Best Option Manufacturing wants to issue 2 million new shares. It has 4 million shares outstanding, which its investment banking firm estimates $65 million. If the investment banking firm charges a 4% spread, calculate the offer price and total amount ($) the firm will raise net of the spread.

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Financial Management: Best option manufacturing wants to issue 2 million new

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