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malhi101 malhi101
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11 months ago
Bestie Inc. is planning to issue 1 million new shares. It has an agreement with ABC Investment Bank to sell the shares at $25 per share on a best efforts basis with a spread of $3. How much will Bestie receive if only 900,000 shares are sold? Assume no other costs of issuing shares.


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$22.0 million



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$20.0 million



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$19.8 million



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$18.0 million

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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frithnefrithne
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11 months ago
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malhi101 Author
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11 months ago
You make an excellent tutor!
sleinhi
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Mkersey12
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2 hours ago
Correct Slight Smile TY
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