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Calculating Costs of Issuing Stock Video Games, Inc., with the help of its investment bank recently issued 10.13 million shares of new stock. The offer price on the stock was $48.15 per share and Video's received a total of $459,500,000 through this stock offering. Calculate the net proceeds and the underwriter's spread on the stock offering. What percentage of the gross price is the investment bank charging Video for underwriting the stock issue? (Round your intermediate calculations and final answer to 2 decimal places.) 2.79% 5.79% 8.58% 28.95%
We have futures contracts on Treasury bonds, but we do not have features contracts on individual corporate bonds. We have cattle and hog futures but no chicken futures. Explain why the market has developed in this manner. What do you think are the mo..
Some have argued that, if the firm issues an even higher dividend than expected, it must mean they do not have many profitable, new projects to invest in. Thus the stock price should fall. How would you respond and why?
Credit unions and Internet-only banks typically offer
X Corporation’s outstanding bonds have a $1,000 par value, a 6% semi annual coupon, 3 years to maturity and a 8% YTM. What is the bond’s price? If X Corporation needs to raise 2 million, how many bonds they need to issue?
It is desired to accumulate a fund of $1000 at the end of 8 years by equal deposits at the beginning of each year. If the deposits earn interest at 8% effective but the interest can be reinvested at only 5% effective. What is the value of annual depo..
Piotr plans to make regular savings contributions of 6,500 dollars per year to his retirement account for 8 years. His first regular contribution to his retirement account is expected in 1 year. How much money does Piotr expect to have in his account..
Three call options on a stock have the same expiration date and strike prices of $55, $60, and $65. The market prices are $3, $5, and $8, respectively. Explain how a butterfly spread can be created. Construct a table showing the payoffs from the stra..
What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equals 1.5, and the firm has $1,800 in current assets?
Fairfax Pizza stock is currently priced at 89.36 dollars per share and is expected to pay its next dividend, which is expected to be 3.34 dollars, in 1 year. The stock has a beta of 1.42. The market has an expected return of 13.12 percent, the risk-f..
Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $50,000 or $150,000, with equal probabilities of .5. The alternative risk less investment in T-bills pays 5%. If you require a risk premium of 10%, how mu..
Suppose your company needs $15 million to build a new assembly line. Your target debt-equity ratio is 0.85. The flotation cost for new equity is 12.5 percent, but the flotation cost for debt is only 6.5 percent. What is your company’s weighted averag..
An investor is considering purchasing a bond with a 6.6% coupon interest rate, a par value of $1000. , and a market price of 1079.36.. the bond will mature in 9 years... What is the bonds current yield What is the bonds approximate yield to maturity ..
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