Flotation cost and Issue

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Question 1 Document Preview: Flotation Costs and Issue Size Answer the following questions in an Excel document. Solve using Excel formulas (preferred) or clearly write out the steps you took to calculate your answers.Round any dollar amounts to the nearest dollar ($1,500,074) and any percentages to two decimals (9.56%). D. Butler Inc. needs to raise $14 million. Assuming that the market price of the firm’s stock is $95, and flotation costs are 10 percent of the market price, how many shares would have to be issued? What is the dollar size of the issue? Attachments: 4--draft-Flot....docx Feb 20 2013 04:15 AM

 

Solution ID:609068 | This paper was updated on 26-Nov-2015

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