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Pricing Stock Issues in an IPO
Zang Industries has hired the investment banking firm of Eric, Schwartz, & Mann (ESM) to help it go public. Zang and ESM agree that Zang's current value of equity is $61 million. Zang currently has 3 million shares outstanding and will issue 1.2 million new shares. ESM charges a 7% spread.
What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent.
How much cash will Zang raise net of the spread (use the rounded offer price)? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar.
Betty Sims has $26.000 of adjusted gross income and $4.160 of medical expenses She will be itemizing her tax deductions this year.
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In fiscal year 2011, Starbucks Corporation (SBUX) had revenue of $11.70 billion, gross profit of $6.75 billion, and net income of $1.25 billion. Peet's Coffee and Tea (PEET) had revenue of $372 million, gross profit of $72.7 million, and net incom..
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There are many situations that may motivate managers to commit financial statement fraud. Please list at least two situations that you feel would be good motivation for managers to commit financial statement fraud.
Using the businesses selected for your papers (Coca-Cola vs PepsiCo), please discuss their strategies in one of the areas of this weeks subject matter (capital budgeting, cash-flow for the capital budgeting, risk in capital budgeting, and/or worki..
State the kind of lapse included in the accompanying exchanges and say whether it will influence the assention of the trial balance or not.
The goal of this assignment is to expand your understanding of the uses of financial statement information. This project is based on the information provided in Ch. 4. We will examine the financial performance of McDonald's and one of its competit..
You have arranged for a loan on your new car that will require the first payment today. The loan is for $42,500, and the monthly payments are $730.
Now assume that there are an infinite number of assets with return characteristics identical to those of A, B, and C, respectively. What will be the mean and variance of excess return for securities A, B and C?
The ABC corp. is expected to have the earnings before interest and taxes of $60,000 and the unlevered cost of capital of the company
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