The Whistling Straits Corporation needs to raise $80 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $35 per share and the company's underwriters charge a spread of 5 percent. If the SEC filing fee and associated administrative expenses of the offering are $600,000, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e. g., 1,234,567.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Whistling Straits Corporation needs to raise $80 million to finance its expansion into new markets. The company will sell new shares of ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
A payday loan company charges 5.2 percent interest for a two-week period. what would be the annual interest rate from that company? assume an even 52 weeks per year.
Answers (1)
Which of the following will affect the amount of net pay you earn on your paycheck? A. State Income Tax B. Car insurance C. Rent Expense D. House Payment
Answers (2)
Alice and bob each have a certain amount of money. if alice receives $n$ dollars from bob, then she will have 3 times as much money as bob. if, on the other hand, she gives $n$ dollars to bob, then she will have 2 times as much money as bob.
Answers (1)
When should a consolidated entity recognize a goodwill impairment loss? A. Annually on a systematic and rational basis. B. If a reporting unit's fair value falls below its original acquisition price. C.
Answers (1)
The key distinction between current liabilities and long-term liabilities is: a. The amount of the obligation to be satisfied-large versus small b. To whom the obligation is owed-those inside versus those outside of the company c.
Answers (1)
New Questions in Business
Suppose that JPMorgan Chase sells call options on $1.35 million worth of a stock portfolio with beta = 1.70. The option delta is 0.70. It wishes to hedge its resultant exposure to a market advance by buying a market-index portfolio.
Answers (1)
Every item in the Just a Dollar store is priced $ 1.00. When Jack opens the store, there is $ 100.00 in the cash register. When he counts the money in the cash register at the end of the day, the total is $ 667.10.
Answers (2)
Hal's tax on the imputed interest income from the loan to roy would be $. roy's tax benefit from the imputed interest expense from hal's loan would be $. this arrangement would produce an overall cash flow after taxes of $. c.
Answers (1)
What would be the safest form of business organization for a new inexperienced business owner
Answers (2)
At the end of Year 2, retained earnings for the Baker Company was $3,500. Revenue earned by the company in Year 2 was $1,500, expenses paid during the period were $800, and dividends paid during the period were $500.
Answers (1)