Shares of equity via general cash offering to raise funds

Assignment Help Financial Management

Reference no: EM13730603

The Huang Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell new shares of equity via general cash offering to raise the needed funds. The offer price is $55 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 $700,000, how many shares need to be sold?

(Do not round intermediate calculations and round your final answer to nearest whole number. Enter your answer in dollars, not millions of dollars, i.e. 1,234,567.)

Reference no: EM13730603

Questions Cloud

How have modern presidents backgrounds affected : How did Andrew Johnson's background, especially his experiences as a prewar politician, affect his Reconstruction position? How have modern Presidents' backgrounds affected their political positions?

How will you leverage employee evaluations to motivate : How will you leverage employee evaluations to motivate each of the three employees. Describe how the strategy selected connects to one or more of the motivational theories described in the text.

What was the flotation cost as a percentage of funds raised : The Raven Co. has just gone public. Under a firm commitment agreement, Raven received $17.30 for each of the 15 million shares sold. The initial offering price was $21.00 per share, and the stock rose to $23.40 per share in the first few minutes of t..

Transcription is the production of rna from dna : Transcription is the production of RNA from DNA. It reads one strand of DNA, called the template, to create a new RNA strand. The nucleotides are added to the growing RNA strand in a 3' to 5' direction from the DNA strand.1. Transcribe the following ..

Shares of equity via general cash offering to raise funds : The Huang Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell new shares of equity via general cash offering to raise the needed funds. The offer price is $55 per share and the company's underwriter..

Explain motivate positive organizational behavior : How do these needs motivate. How are these needs addressed in an organizational context. Provide an example from your current organization. How well does it address the needs of its organizational members. What best practices can you suggest for o..

Scientists create life : Years ago, a newspaper headline read "Scientists Create Life." Scientists had strung together a chain of nucleotides to make a strand of DNA. This was the first time DNA had been synthesized in a laboratory; it has been synthesized many times since t..

Describe the process used in restoring the scrambled bits : Describe the process used in restoring the scrambled bits and determine the legal and ethical considerations for investigating and prosecuting digital crimesanalyse data.

After tax cash flow from the sale of this asset : Consider an asset that costs $369,600 and is depreciated straight-line to zero over its 7-year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $46,200. If the relevant tax rate is 32 percent..

User Account

All Pages