How many share must taussig sell to net


The taussing company, whose stock price is currently $30, needs to raise $15 million by issuing common stock. Underwriters have informed Taussig's management that it must price th enew issue to the public at $27.53 per share to ensure that all shares will be sold. The underwriter's compensation will be 7 percent of the issue price, so Taussig will net $25.60 per share. the company will also incur expenses in the amount of $360,000. how many share must taussig sell to net $15 million after underwrting and flotation expenses?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: How many share must taussig sell to net
Reference No:- TGS0723520

Expected delivery within 24 Hours