How many shares need to be sold

Assignment Help Financial Management

Reference no: EM131894296

The Valhalla Corporation needs to raise $70 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 $30 per share and the company's underwriters charge a spread of 8 percent. If the SEC filing fee and associated administrative expenses of the offering are $575,000, how many shares need to be sold?

Reference no: EM131894296

Questions Cloud

Legal for physicians to honor requests : Should a law be passed making it legal for physicians to honor requests like the patient above to have his/her morphine pump reprogrammed?

What would the percentage change in price of these bonds : If interest rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of these bonds be then?

Conceptions of true friendship radically incompatible : What makes Aristotle's and Augustine's respective conceptions of true friendship radically incompatible?

Explain why knowledge of elasticities may be helpful : Discuss this statement fully and explain why knowledge of elasticities may be helpful to managers when making pricing decisions.

How many shares need to be sold : The Valhalla Corporation needs to raise $70 million to finance its expansion into new markets. how many shares need to be sold?

How much should the store order at one time : Tom Thumb soils roughly 4000 boxes of chocolate chip cookies each year. Each box of chocolate chip cookies costs Tom Thumb $2. Ordering costs are $20.

Prepare the journal entry on the books of the partnership : Prepare the journal entry on the books of the partnership to record the admission of Liam as a new partner under the two independent circumstances

Fallacy free-argument : Be sure to introduce your fallacy free-argument and provide at least one supportive point, one legitimate objection

Which strategies are weakly or strictly dominated for voter : Consider this voting game. Each voter has three strategies: a, b, or c. For each voter, which strategies are weakly or strictly dominated?

User Account

All Pages