Your firm needs to raise 10 million assuming that flotation


Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per share, and that the market price of the stock is $120, how many shares would have to be issued? What is the dollar size of the issue?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Your firm needs to raise 10 million assuming that flotation
Reference No:- TGS0641789

Expected delivery within 24 Hours