Corporate Finance (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Corporate Finance (The Mcgraw-hill/Irwin Series in Finance, Insurance, and Real Estate)
11th Edition
ISBN: 9780077861759
Author: Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher: McGraw-Hill Education
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Chapter 20, Problem 6QP
Summary Introduction

To determine: The number of shares needed to be sold.

Flotation Costs:

The costs which are included in raising the capital through external sources is termed as flotation costs. The examples of flotation costs are underwriting commission, brokerage fee, and cost of printing prospectus.

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