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Pricing Stock Issues
Benjamin Garcia's start-up business is succeeding, but he needs $206,000 in additional funding to fund continued growth. Benjamin and an angel investor agree the business is worth $824,000 and the angel has agreed to invest the $206,000 that is needed. Benjamin presently owns all 41,000 shares in his business. Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant. What is a fair price per share? Round your answer to the nearest cent.
A) What is a fair price per share? Round your answer to the nearest cent.
B) How many additional shares must Benjamin sell to the angel? Round your answer to the nearest whole.
KMW Inc. sells finance textbooks for $150 each. The variable cost per book is $30 and the fixed cost per year is $30,000. The process of creating a textbook costs $150,000 and the average book has a life span of three years. What is the economic or N..
Johnson Products earned $3.10 per share last year and it paid out $.75 dividend. The company’s ROE is 16%. Calculate the dividend payout ratio; Calculate the sustainable growth rate of the company.
If a firms fixed costs rise relative to varible costs, __ and __.
Community Hospital has annual net patient revenues of $150 million. At the present time, payments received by the hospital are not deposited for six days on average. The hospital is exploring a lockbox arrangement that promises to cut the six days to..
blades plc is a u.k.-based company that has been incorporated in the united kingdom for three years. blades are a
As you know, companies cannot possibly pay their debts by the last day of the fiscal year. You will discuss how auditors treat the timing issues encountered in accounts payable audits. What are some of the reasons that accounts payable testing should..
What is the agency problem between stockholders and managers and describe the data used by the researcher in the analysis.
Locate the Treasury issue in Figure 6.3 maturing in May 2030. Assume a par value of $1,000. What is its coupon rate? What was the previous day’s asked price in dollars?
What action may be taken to protect the public from the potential dangers of the skateboard?
Giant Co. has just issued preferred stock with a par value of $100 and an annual dividend rate of 9.71% I fyour required rate of return is 8.67%. how much will you be willing to pay for one share of this preferred stock?
Your firm needs to invest in a new delivery truck. The life expectancy of the delivery truck is five years. You can purchase a new delivery truck for an upfront cost of $200,000, or you can lease a truck from the manufacturer for five years for a mon..
Compare and contrast the main policies of the US Federal Reserve and the European Central Bank over the last 10 years. Based on these policies, identify and contrast the main priorities of these institutions. How do these policies affect exchange rat..
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