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Problem - Randy's, a family-owned restaurant chain operating in Alabama, has grown to the point that expansion throughout the entire Southeast is feasible. The proposed expansion would require the firm to raise about $18.3 million in new capital. Because Randy's currently has a debt ratio of 50% and because family members already have all their personal wealth invested in the company, the family would like to sell common stock to the public to raise the $18.3 million. However, the family wants to retain voting control. You have been asked to brief family members on the issues involved by answering the following questions.
The estimated pre-IPO value of equity in the company is about $63 million and there are 4 million shares of existing shares of stock held by family members. The investment bank will charge a 7% spread, which is the difference between the price the new investor pays and the proceeds to the company. To net $18.3 million, what is the value of stock that must be sold? What is the total post-IPO value of equity? What percentage of this equity will the new investors require? How many shares will the new investors require? What is the estimated offer price per share?
Assume that National Waferonics has before it a proposal for a 4 year financial lease. The company constructs a table. The bottom line of its table shows the lease cash flows:
Write down a request to the direct marketing association (DMA) and the three credit bureaus Equifax, Experian, and Trans Union requesting to opt out of pre-approved credit card mailings.
What is meant when historians call the Civil War a second American Revolution. Your answer should define the term revolution in terms of political
If the probability of an injury is 0.07, the cost of the injury is $9,075, the insurer's loading costs are $3,573, and the number of policies is 413
You would like to create a portfolio that is equally invested in a risk-free asset and two stocks. One stock has a beta of 1.92. What does the beta of the second stock have to be if you want the portfolio to have a beta of 0.76?
Calculate the firm's new receivables balance if the company toughened up on its collection policy, with the result that all non-discount customers paid on the30th day.
Although you cannot prepare and serve the meal, you will donate $250 to the shelter to cover the cost of buying the food. Write a letter to Pastor Sullivan DeMarco, giving him the bad news.
Can you find the resources that the centre will need to maintain - or improve - the current level of service with increasing numbers of patients?
A manufacturer of farm equipment offers to lease or sell a piece of machinery that has a useful life of 5 years with no salvage value.
Calculate the yield to maturity of a 6-year $2,000 par value bond with an annual coupon rate of 6.15% and a current price of $3,250: Provide the solutions for both annual and semi-annual payments of interest.
Bond Returns. You purchase an 8 percent coupon, 20-year maturity bond when its yield to maturity is nine percent. A year later, the yield to maturity is 10 percent. What is your rate of return over year?
Why is the payback period the most effective when it comes to accouting and finance for investors?
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