Wiley Solutions Inc. must raise $15,000,000 to support future growth. If it raises funds by issuing...
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Wiley Solutions Inc. must raise $15,000,000 to support future growth. If it raises funds by issuing stock. WS must pay an investment banker 5 percent of the total amount issued plus $200,000 in other costs associated with the issue. What total stock value must WS issue to net $15,000,000 after flotation costs expense? Wiley Solutions Inc. must raise $15,000,000 to support future growth. If it raises funds by issuing stock. WS must pay an investment banker 5 percent of the total amount issued plus $200,000 in other costs associated with the issue. What total stock value must WS issue to net $15,000,000 after flotation costs expense?
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To calculate the total stock value that Wiley Solutions Inc WS must issue to net 15000000 after flot... View the full answer
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
Posted Date:
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