User Account

All Pages

Calculate the gross proceeds per share

Assignment Help Financial Management
Reference no: EM132001593

Zimba Technology Corp. recently went public with an initial public offering of 3.4 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds were $9.30 per share and the underwriter’s spread was 7 percent of the gross proceeds. Zimba also paid legal and other administrative costs of $259,000 for the IPO. Calculate the gross proceeds per share. (Round your answer to 2 decimal places.) Gross proceeds $ per share Calculate the total funds received by Zimba from the sale of the 3.4 million shares of stock. (Enter your answer in millions of dollars rounded to 3 decimal places.) Funds received by Zimba $ m ReferenceseBook & Resources.

Reference no: EM132001593

Questions Cloud

Simple random sampling-stratified sampling : What kind of sampling have you done (simple random sampling, stratified sampling, systematic sampling or cluster sampling)?
Investments in fixed assets are use of cash : Investments in fixed assets are a use of cash. An increase in working capital is a use of cash.
What is the minimum selling price for the special order : Mitch's Microbrew's regular selling price for a case of its product is $6. Variable costs are $4 per case. Fixed costs total $1 per case based on 100.000 cases
Describe each of scales of measurement : Identify the variables you have chosen to analyze, and describe each of their scales of measurement (nominal, ordinal, interval, or ratio).
Calculate the gross proceeds per share : Zimba also paid legal and other administrative costs of $259,000 for the IPO. Calculate the gross proceeds per share.
Probability distribution for a discrete random variable : What is a probability distribution for a discrete random variable? What does it look like?
Calculate the coefficient of variation on each alternative : Calculate the expected rate of return on each alternative. Calculate the standard deviation of returns on each alternative.
Existing sources of data created by others : 1. Ne w sources of data designed for your purposes are 2. Existing sources of data created by others for different purposes are
What is the minimum new cash flow : What is the minimum new cash flow that the company would require to undertake the expansion?

Reviews

Write a Review

Financial Management Questions & Answers

  Inventory transfers to the west coast move by truck

Elmer’s Glues are produced in upstate New York and sold throughout the country. Shipment is either direct from the factory or via regional warehouses, including one in the Los Angeles area. Inventory transfers to the West Coast move by truck.  The pe..

  How much will joe receive for selling the family business

The current market rate of interest for Joe is 11%. In terms of present value (PV), how much will Joe receive for selling the family business?

  Calculate the pv of mena enterprise terminal value

Assume today is December 31, 2017. Calculate the PV of MENA Enterprise terminal value

  International banks-arrange trade financing

The Eurocurrency market is time deposits of money in international banks located in a country other than the country that issues the currency. International banks: arrange trade financing. conduct foreifgn exchange transactions and assist in hedging ..

  What is the value of equity after the recap

Nichols Corporation's value of operations is equal to $600 million after a recapitalization (the firm had no debt before the recap). It raised $225 million in new debt and used this to buy back stock. Nichols had no short-term investments before or a..

  Risk-free rate in order to establish target expected return

Suppose that the risk-free rate is 4.5 percent and the expected return on the tangency portfolio of risky assets is 12.5 percent. An investor with $2.5 million to invest wants to achieve a 17.5 percent rate of return on a portfolio combining a risk-f..

  Under which model is the cost of capital for azt likely

Suppose AZT is a small value stock and that you use both the CAPM and the Fama-French model to compute its cost of capital. Under which model is the cost of capital for AZT likely to be higher?

  Write a letter explaining the tax effects of each option

Leyh’s Outdoor Adventures, Inc., would like begin providing life insurance coverage for its employees. Three employees are officers; each earns $100,000 per year. The other three employees each earn $40,000 per year. Evaluate this option and advise t..

  What rate of return should investors expect on this fund

The required rate of return on the market is 11.00% and the risk-free rate is 5.00%. What rate of return should investors expect (and require) on this fund?

  How long will it take her to pay off the credit card

The interest rate is 18% compounded monthly. If she pays $25 a month, how long will it take her to Pay off the credit card?

  Npv is better measure of project profitability than irr

Critique this statement: “NPV is a better measure of project profitability than IRR because NPV leads to better capital investment decisions.”

  What is the operating net cash flow in year one

The president of Real Time Ltd has asked you to evaluate the proposed acquisition of a new computer system. The system's price is $39,000, and will be depreciated straight-line over a three year life. Purchase of the system would require an increase ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd