Question: i have sent this question multiple times, the first answer is 72.68. The second and third are not 7.43 and 37.80 percent of the insue
percent of the insue price) a. Assuring the compacys stock price dobes nat clange from tts curner proe of 579 pes share, what wroud be the nisue price to the Noter Round intermediate celculations 102 decimal piaces. Aound your anwwes to 2 decimai ploces. Enter "Nurnter ef sharki" answer in milians. Note: Pound intermediate calculations to 2 decinal ploces Eiter your aramer in miliani rounded ta 2 decinat piaces. A company wants to ralse $540 milion in a new stock issue. Its investment banker indicates that the sale of new stock will require 8 percent underpricing and a 7 percent spread. (Hint: the underpricing is 8 percent of the current stock price, and the spread is 7 percent of the issue price.) a. Assuming the company's stock price does not change from its current price of $79 per share, what would be the issue price to the public after underpricing? How many shares would the company need to sell? Note: Round intermediate calculations to 2 decimal ploces. Round your answers to 2 decimal places. Enter "Number of shares" answer in millions. b. How much money will the investment banking syndicate earn on the sale? Note: Round intermediate calculations to 2 decimal ploces. Enter your aniwer in millions rounded to 2 decimal places
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