Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per

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Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per share and the market price of the stock is $120, how many shares would have to be issued? What is the dollar size of this issue?

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Principles of Finance

ISBN: 978-1285429649

6th edition

Authors: Scott Besley, Eugene F. Brigham

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Question Posted: Apr 12, 2012 06:04 AM

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Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per

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Principles of Finance

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