Captain jacks shipyard inc needs to raise 25 million to, Finance Basics

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Captain jacks shipyard inc needs to raise 25 million to

Question: Captain jack's Shipyard, Inc., needs to raise $25 million to finance expansion. The company's investment bank recommends an offer price ( or gross proceeds) of $37 a share, with Captain Jack's Shipyard, Inc., receiving $35.15 per share. How many shares of stock will the company have to sell to receive the $25 million it needs?

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Finance Basics: Captain jacks shipyard inc needs to raise 25 million to

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