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Company R needs to raise an amount of $45,000,000. Hence, it planned to sell new shares of common stock at a price of $15.00 per share. Underwriter's charge on this is 5.00%. Offering expenses are $489,000. How many shares should be sold by the Company? 3,157,895 3.032.600 3.192.211 3.000.000

Company R needs to raise an amount of $45,000,000. Hence, it planned to sell new shares of common stock at a price of $15.00 per share. Underwriter's charge on this is 5.00%. Offering expenses are $489,000. How many shares should be sold by the Company? 3,157,895 3.032.600 3.192.211 3.000.000

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Company R needs to raise an amount of $45,000,000. Hence, it planned to sell new shares of common stock at a price of $15.00 per share. Underwriter's charge on this is 5.00%. Offering expenses are $489,000. How many shares should be sold by the Company? 3,157,895 3.032.600 3.192.211 3.000.000
Transcribed Image Text:Company R needs to raise an amount of $45,000,000. Hence, it planned to sell new shares of common stock at a price of $15.00 per share. Underwriter's charge on this is 5.00%. Offering expenses are $489,000. How many shares should be sold by the Company? 3,157,895 3.032.600 3.192.211 3.000.000
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