Zang industries has hired the investment banking firm of, Ask an Expert

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Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $60 million. Zang currently has 4 million shares outstanding and will issue 1 million new shares. ESM charges a 7% spread. What is the correctly valued offer price? How much cash will Zang raise net of the spread?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92790656

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