Newdex has net income of 3000000and 1000000 shares, Ask an Expert

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Newdex has net income of $3,000,000and 1,000,000 shares outstanding. It Needs to raise $5,000,000 in funds for a new asset. Its investment banker plans to sell an issue of common stock to the public for $40, less a spread of 10%. how much must Newdex's after-tax incom increase to prevent dilution of EPS?

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Accounting Basics, Accounting

Category:- Accounting Basics
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