Calculate the total funds received by howett pockett

Assignment Help Financial Management

Reference no: EM131871604

Howett Pockett, Inc., plans to issue 11.0 million new shares of its stock. In discussions with its investment bank, Howett Pocket learns that the bankers recommend a net proceed of $35.80 per share and they will charge an underwriter’s spread of 5.5 percent of the gross proceeds. In addition, Howett Pockett must pay $4.4 million in legal and other administrative expenses for the seasoned stock offering.

Calculate the gross proceeds per share. (Round your answer to 2 decimal places.)

Gross proceeds $ per share

Calculate the total funds received by Howett Pockett from the sale of the 11.0 million shares of stock. (Enter your answer in millions of dollars rounded to 3 decimal places.)

Funds received by Howett Pockett $ m

Reference no: EM131871604

Questions Cloud

Describe abc inventory classification : This type of inventory control is used throughout materials and distribution management; which is also referred to as selective inventory control.

How much should you be willing to pay for bond : You are considering a 15-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. how much should you be willing to pay for bond?

Write a report in which you analyze what the survey findings : Write a report in which you analyze what the survey findings mean for the organization and develop a plan to address the impacts.

What are some of the similarities within the industries : What are some of the similarities within these industries? What are the differences? (Utilize the concepts and theories to support your stance)

Calculate the total funds received by howett pockett : Calculate the gross proceeds per share. Calculate the total funds received by Howett Pockett from the sale of the 11.0 million shares of stock.

Explain why people will buy the product or service : In two paragraphs, explain why people will buy the product or service. What makes it unique that will entice people to buy the product or service?

Anticipate that thai stock market : You anticipate that Thai stock market (SET index) will increase 10% in 2018. In order to boost the value of your portfolio from this expectation,

Draw difference shapes of the indifference curve : Patterns Consumer Theory - What is the equation for the lines? Write in symbols and explain in words. What two variables are on the axes

Company specializing in infrastructure projects : Infraworks Inc., a company specializing in infrastructure projects is preparing to submit its proposal to the Government of South Africa build a new airport.

User Account

All Pages