Visno The Meadows Corporation needs to raise $65.1 million to finance its expansion into new markets. The company will sell new shares ofequity via a general cash offering to raise the needed funds. The offer price is $51 per share and the company's underwriters charge aspread of 8.5 percent. How many shares need to be sold?Note: Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearestwhole number, e.g., 1,234,567.Number of shares offered

Shares are part of capital use to raise funds from outside person. The persons who holds shares are…

Answered: The Meadows Corporation needs to raise…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 12P

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The Elkmont Corporation needs to raise $52.2 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $38 per share and the company’s underwriters charge a spread of 7 percent. How many shares need to be sold? Note: Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g., 1,234,567.
The Meadows Corporation needs to raise $52 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $45 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in shares, not millions, rounded to the nearest whole number, e.g., 1,234,567.) Number of shares offered
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