A company wants to raise 100 million on a new stock issue, Financial Management

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A company wants to raise 100 million on a new stock issue

A company wants to raise $100 million on a new stock issue. According to their investment banker, a sale of new stock will require 8% under pricing and a 7% spread. Assuming the company’s stock price does not change from its current price of $100 per share, how many shares must the company sell and at what price?

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Financial Management: A company wants to raise 100 million on a new stock issue

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Financial Management: A company wants to raise 100 million on a new stock issue

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