What is the spread on the issue in percentage term

Assignment Help Financial Accounting
Reference no: EM132810096

Winston Sporting Goods is considering a public offering of common stock. Its investment banker has informed the company that the retail price will be $18.00 per share for 630,000 shares. The company will receive $16.50 per share and will incur $155,000 in registration, accounting, and printing fees.

Problem 1:  What is the spread on this issue in percentage terms? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Problem 2: What are the total expenses of the issue as a percentage of total value (at retail)? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Problem 3: If the firm wanted to net $17.17 million from this issue, how many shares must be sold? (Do not round intermediate calculations. Enter your answer rounded to the nearest whole number.)

Reference no: EM132810096

Questions Cloud

Explain the four functions of management : 1. Explain the four functions of management 2. Discuss the role of managers, their competencies and roles at the different levels
What is the annualized yield on the bond : A 10-year, 8% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $940, what is the annualized yield on the bond?
Why does the organization compensation strategy need : Why does the organization's compensation strategy need to be aligned with the company's strategic plan?
What is material efficiency variance for flint bicycle co : What is the Material efficiency variance for Flint Bicycle Company. Material purchased and used ?1,620 tires at $1.20 per tire. Actual number of bicycles
What is the spread on the issue in percentage term : If the firm wanted to net $17.17 million from this issue, how many shares must be sold? (Do not round intermediate calculations)
Describe element of company mandate document : Describe each element of a Company Mandate Document and comment on its value to the negotiations process. Please add the reference
Develop recruitment process for position of general manager : In this task you must develop a recruitment process for the position of general manager of a pharmaceutical company.
What is material efficiency variance for flint bicycle co : What is the Material efficiency variance for Flint Bicycle Company. Material purchased and used ?1,620 tires at $1.20 per tire. Actual number of bicycles
Housekeeping staff at a local hospital : What labor markets should be considered when recruiting to fill openings for housekeeping staff at a local hospital?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd