How many shares need to be sold

Assignment Help Finance Basics

Reference no: EM13263525

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. (Enter your answer as directed, but do not round intermediate calculations.)

Required:

How many shares need to be sold?

Reference no: EM13263525

Questions Cloud

How far away is the moon : When Apollo 11 landed on the moon, the time delay for Neil Armstrong's voice to travel from the moon to Earth would be equivalent to the delay from hearing a speaker 439.5 m away. how far away is the moon

What should a share of charlie company sell for : Charlie Company is expected to grow at an annual rate of 6% indefinitely. The return on similar stocks is currently 11%. Charlie's board of directors declared a dividend of $1.85 yesterday. What should a share of Charlie Company sell for?

What is the convertible bond conversion premium : The common stock obtained upon conversion is selling for $54 per share. What is the convertible bond's conversion premium?

What could be the shortest method for the design : design a state table and diagram for a campus id consisting of 6 letters. when converted to binary using ascii code the id has 7-bits for each letter . e.g campus id TSHMUD(T = 1010100, S = 1010011, H = 1001000, M = 1001101, U = 1010101, D = 10001..

How many shares need to be sold : The offer price is $26 per share and the company's underwriters charge a spread of 7.5 percent. (Enter your answer as directed, but do not round intermediate calculations.)

Design an analog computer circuit to solve equation : Design an analog computer circuit to solve the following differential equation 1)Draw the state flow diagram 2)Design and draw the OpAmp circuit. Show the values for the resistors and capacitors. Label all inputs and outputs

How many turns are in the secondary coil : A transformer is designed to change 120 V into 10,000 V, and there are 164 turns in the primary coil. How many turns are in the secondary coil

Determine the length of one side of the coil : An AC generator has a square coil consisting of 248 turns. The coil rotates at ?=79.1 rad/s in a 0.170- T magnetic field. What is the length of one side of the coil

Calculate the angle of diffraction of the second minimum : Monochromatic light of wavelength 692 nm is incident on a narrow slit. On a screen 2.81 m away, Calculate the angle of diffraction of the second minimum

User Account

All Pages