Solution-How much new cash did the company receive

How much new cash did the company receive

Assignment Help Managerial Accounting

Reference no: EM13939616

GSM Corporation sold 20 million shares of common stock in a seasoned offering. The market price of the company's shares immediately before the offering was $14.75. The shares were offered to the public at $14.50, and the underwriting spread was 4%. The company's expenses associated with the offering were $7.5 million. How much new cash did the company receive?

Reference no: EM13939616

Questions Cloud

What is the expected return of gell stock : Suppose Blek stock has a beta of 1.7, whereas Gell stock has a beta of 0.96. If the risk free interest rate is 4.2% and the expected return of the market portfolio is 13.4%, according to the CAPM, What is the expected return of Blek stock? What is th..

How can she make antiserum specific for rabbit igg : Suppose a scientist wants to make antiserum specific for IgG. They inject a RABBIT with purified MOUSE IgG and get an antiserum thats reacts with MOUSE IgG and other mouse isotopes. Why did this happen? How can she make antiserum specific for RABB..

Market risk premium-reward-to-risk ratios for stocks : Stock Y has a beta of 1.8 and an expected return of 18.2 percent. Stock Z has a beta of .8 and an expected return of 9.6 percent. If the risk-free rate is 5.2 percent and the market risk premium is 6.7 percent, the reward-to-risk ratios for stocks Y ..

Importance of writing a rough draft : Ethics Writing Assignment. You are encouraged to closely follow the video and take good notes. Keep in mind the importance of writing a rough draft and making revisions thereafter.

How much new cash did the company receive : The company's expenses associated with the offering were $7.5 million. How much new cash did the company receive?

Straight-line basis over three years : Garcia Paper is deciding whether to build a new plant. The proposed project would have an up-front cost (at t = 0) of $30 million. The project's cost can be depreciated on a straight-line basis over three years. Consequently, the depreciation expe..

What will double-clicking a sheet tab do for you : Preformatted worksheets used for special purposes such as creating sales Invoices are called?

Create portfolio equally as risky as the market : You want to create a portfolio equally as risky as the market, and you have $900,000 to invest. Given this information, fill in the rest of the following table: Asset Investment Beta Stock A $ 180,000 .80 Stock B $ 270,000 1.20 Stock C ? 1.50 Risk-fr..

The bid for each share should range between : Hastings Corporation is interested in acquiring Vandell Corporation. Vandell has 1 million shares outstanding and a target capital structure consisting of 30% debt. Vandell's debt interest rate is 7.6%. Indicate the range of possible prices that Has..

User Account

All Pages

How much new cash did the company receive

Reference no: EM13939616

Reference no: EM13939616

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT