The Bud Wise Co. needs to raise $125 million to expand their operations into Asia. The company will sell new shares of common stock via general cash offering to raise the necessary funds. The underwriters charge a 7.5 percent spread and the administrative costs are $600,000. How many shares of stock must be sold at the offer price of $31? 

Answer rating: 100% (QA)

To calculate the number of shares of stock that must be sold to raise 125 million we need to conside... View the full answer