How many shares need to be sold

Reference no: EM13263511

The Elkmont Corporation needs to raise $49 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 $26 per share and the company's underwriters charge a spread of 7.5 percent. The SEC filing fee and associated administrative expenses of the offering are $1,450,000. (Enter your answer as directed, but do not round intermediate calculations.)

Required:
How many shares need to be sold?

Reference no: EM13263511

Questions Cloud

Find the thévenin impedance with respect to the terminals : a) Find the amplitude and phase of the Thévenin voltage with respect to the terminals a, b. b) Find the Thévenin impedance with respect to the terminals a, b. c) Draw the Thévenin source physical equivalent circuit.

What was the flotation cost as a percentage of funds raised : The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley Oakley received $31.75 for each of the 7.3 million shares sold.

Analyze the challenges and advantages of fdi : Analyze the challenges and advantages of FDI for the MNE in the country you selected and determine the best way for your MNE to minimize foreign exchange risks.

Determine the power taken by the motor when supplied : A 3-phase motor has coils wchich can be configured in a Y load. If each load phase has an impedance of 8+j6 ohms determine the power taken by the motor when supplied by a balanced 3-phase voltage source of 440V line to line.

How many shares need to be sold : The SEC filing fee and associated administrative expenses of the offering are $1,450,000. (Enter your answer as directed, but do not round intermediate calculations.)

Find the angle between the two colors in water : A parallel beam of light containing red (660 nm) and blue (470 nm) wavelengths goes from polystyrene to water, What is the angle between the two colors in water

Liberation tigers of tamil elam in sri lanka : Identify and describe the facts of each case separately, the individuals or groups involved, the perpetrators, declared objectives, the authorities, reaction, and the eventual outcome.

What does the market price of the stock need : Tennessee Valley Antiques would like to issue new equity shares if its cost of equity declines to 10.5 percent. The company pays a constant annual dividend of $1.80 per share. What does the market price of the stock need to be for the firm to issu..

What is the net present value of a project : What is the net present value of a project with the following cash flows if the discount rate is 15 percent?

User Account

All Pages