A company wants to raise 100 million on a new stock issue, Ask an Expert

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A company wants to raise $100 million on a new stock issue. According to their investment banker, a sale of new stock will require 8% under pricing and a 7% spread. Assuming the company’s stock price does not change from its current price of $100 per share, how many shares must the company sell and at what price?

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Financial Management, Finance

Category:- Financial Management
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