Common stock using a general cash offering

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Reference no: EM131851159

Floral Bouquet needs to raise $21 million to expand its operations nationally. The company will sell new shares of common stock using a general cash offering. The underwriters charge an 8 percent spread. The administrative costs are estimated at $480,000. How many shares of stock must be sold if the offer price is $22 a share?

Reference no: EM131851159

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Common stock using a general cash offering : Floral Bouquet needs to raise $21 million to expand its operations nationally. The company will sell new shares of common stock using a general cash offering.

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