Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Finance
New Topic  
freckles freckles
wrote...
Go to Answer
Posts: 153
Rep: 0 0
9 months ago
Access Inc. is holding an initial public offering for its common shares to finance a $200 million project. Each share will be offered at $75. The company has reached a best efforts agreement with ABC Investment Bank, with a spread of 5.5%. ABC estimates that the IPO will be 90% subscribed (i.e., 90% of the issued shares will be sold). What is the minimum number of shares that must be issued in this IPO in order for Access to finance the project? Assume no other costs of issuing shares.


▸

3,293,582



▸

3,135,411



▸

2,523,372



▸

2,434,529

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
Read 40 times
1 Reply
Replies
Answer verified by a subject expert
dreamkheidreamkhei
wrote...
#1
Posts: 143
Rep: 0 0
9 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

freckles Author
wrote...

9 months ago
Thanks for your help!!
aricketts6@
wrote...

Yesterday
this is exactly what I needed
my life
wrote...

2 hours ago
This calls for a celebration Person Raising Both Hands in Celebration
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  958 People Browsing
 117 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 781
  
 1020
  
 162
Your Opinion
What's your favorite funny biology word?
Votes: 335
Previous poll results: Do you trust social media networks with protecting your privacy?