Attrex needs to raise 96m$ for international expansion. The decision was made to fund the project via new share issue. T
Posted: Tue Jan 18, 2022 12:59 pm
Attrex needs to raise 96m$ for international expansion. The
decision was made to fund the project via new share issue. The
share price is 28$. The underwriter agreed to take 7% commission on
the issue and other indirect costs not included in the spread
amount to $2,280,000.-
1. Compute the net $ amount Attrex will receive per share
sold.
2. How many additional shares will Attrex have to issue to cover
for indirect expenses?
3. Compute the total amount of shares that need to be sold at
$28.-
decision was made to fund the project via new share issue. The
share price is 28$. The underwriter agreed to take 7% commission on
the issue and other indirect costs not included in the spread
amount to $2,280,000.-
1. Compute the net $ amount Attrex will receive per share
sold.
2. How many additional shares will Attrex have to issue to cover
for indirect expenses?
3. Compute the total amount of shares that need to be sold at
$28.-