Reference no: EM131583656
The Zuri Co. needs to raise $65.3 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 $53 per share and the company’s underwriters charge a spread of 9.5 percent. The SEC filing fee and associated administrative expenses of the offering are $453,000.
What are the required proceeds from the sale necessary for the company to pay the underwriter's spread and administrative costs? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)
Required proceeds $ _____________
How many shares need to be sold? ______________(Do not round intermediate calculations and enter your answer in shares, not millions of shares, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.) Number of shares offered
What is the total transfer tax
: No taxable gifts had been made in any prior years. What is the total transfer tax (i.e., gift tax and/or GST) due with respect to these gifts
|
What is the face value of contract
: Imagine that you are supposed to design standard coupon bonds that mature in 10 years. What is the face value of contract B?
|
Planning for retirement-rate of return on yearly investments
: Assume that all payments are made at the end of a year, and that the rate of return on all yearly investments will be 8.4% annually.
|
Construct loan amortization schedule
: Construct a loan amortization schedule for a $3,500,000, 3-year loan, made at 6.85% quoted annual rate.
|
Company to pay underwriter spread and administrative costs
: What are the required proceeds from the sale necessary for the company to pay the underwriter's spread and administrative costs?
|
Cumulative voting system allow minority representation
: How does a cumulative voting system allow minority representation in corporations?
|
Explain the role of indentures and protective covenants
: Explain the role of indentures and protective covenants when companies issue bonds. Be brief.
|
Who-is-insured clauses-limits of insurance section
: exclusions, definitions, who-is-insured clauses, limits of insurance section, personal property section, supplementary payments and conditions
|
What is total amount of interest paid over life of the loan
: What is the total amount of interest paid over the life of the loan? What total amount of interest is paid over the life of the loan?
|