(Answered) Be games needs 20 million to finance their latest venture

Economics

BE games needs 20 million to finance their latest venture. The company plans to fund this project by issuing new shares of common stock at a market price of 35 $/ per share. The direct issuing costs are $ 850,000, and the underwriting spread is 4%. How many shares must be issue to fully fund their venture?

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Business Economics, Economics

Category:- Business Economics
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