Kevins Bacon Company Inc. has earnings of $9 million with 2,100,000 shares outstanding before a public distribution.
Question:
The net price from the offering will be $16.50 and the corporate proceeds are expected to produce $1.8 million in corporate earnings.
a. What were the corporation’s earnings per share before the offering?
b. What are the corporation’s earnings per share expected to be after the offering?
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Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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