ESSENTIALS CORPORATE FINANCE + CNCT A.
ESSENTIALS CORPORATE FINANCE + CNCT A.
9th Edition
ISBN: 9781259968723
Author: Ross
Publisher: MCG CUSTOM
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Chapter 15, Problem 3QP
Summary Introduction

To find: The number of shares that need to be sold.

Introduction:

The publically traded company incurs certain costs at the time of issuing new securities, and it also includes various expenditures like registration fees, legal fees, and underwriting fees. Thus, these costs are referred to as flotation costs.

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