
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Angina Inc. has 5 million shares outstanding The firm is considering issuing an additional 1 million shares. After selling these shares at $21 per share offering price and netting 95% of
the sale proceeds, the firm is obligated by an earlier agreement to sell an additional 251,000 shares at 90% of the offering price In total, how much cash will the firm net from these
stock sales?
The net proceeds from these stock sales is 5 (Round to the nearest dollar)
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