How many shares of stock does mountain teas have to sell

Assignment Help Financial Econometrics
Reference no: EM13332807

Mountain Teas wants to raise $11.6 million to open a new production center. The company estimates the issue costs including the legal and accounting fees will be $440,000. The underwriters have set the stock price at $17.50 a share and the underwriting spread at 9 percent. How many shares of stock does Mountain Teas have to sell to meet its cash need?

Reference no: EM13332807

Questions Cloud

The best predictor of cumulative gpa : Among the variables high school percentile, ACT English score, ACT math score, and ACT composite score, identify the one that appears to be the best predictor of cumulative GPA. Explain your reasoning.
Compute the linear momentum and angular momentum : Compute the linear momentum and angular momentum of a Frisbee of mass 0.166 kg if it has a linear speed of 2.75 m/s and an angular velocity of 47.5 rad/s
What is minimum level of earnings before interest and taxes : Holly's is currently an all equity firm that has 9,000 shares of stock outstanding at a market price of $42 a share. The firm has decided to leverage its operations by issuing $120,000 of debt at an interest rate of 9.5 percent.
Explain ch3ch2och2ch3 can be synthesized by an sn2 reaction : CH3CH2OCH2CH3 can be synthesized by an SN2 reaction. Draw the structures of the alkyl chloride and nucleophile that will give this compound in highest yield
How many shares of stock does mountain teas have to sell : Mountain Teas wants to raise $11.6 million to open a new production center. The company estimates the issue costs including the legal and accounting fees will be $440,000.
Find the increase in thermal energy of block-floor system : A worker pushed a 22 kg block 8.1 m along a level floor at constant speed with a force directed 39° below the horizontal. find the increase in thermal energy of the block-floor system
A high prevalence of heart disease : As a public health personnel, you conducted a survey and collected economic and health data on households in a township that is known to have a high prevalence of heart disease.
By how much did the companys retained earnings increase : Columbia Company earned $880 million last year and paid out 25% of earnings in dividends. There were 150 million shares of stock outstanding at a price of $65 per share. By how much did the company's retained earnings increase
What is the mass of the other sphere : Two titanium spheres approach each other head-on with the same speed and collide elastically. What is the mass of the other sphere

Reviews

Write a Review

Financial Econometrics Questions & Answers

  Caculate the future value of a 40000-dollar annuity

caculate the future value of a $40000 annuity (as of the time of the last payment), if the annuity lasts 5 years and the interest rate are 11%.

  How to prepare a multiple-step income statement for 2013

sales revenue, $2,105; cost of goods sold, $1,250; selling expenses, $120; general and administrative expenses, $110; interest expense, $35; and gain on sale of investments, $50. Income tax expense has not yet been accrued.

  Determine what is the current price of the preferred stock

The bank pays a quarterly dividend of $1.65 on this stock. What is the current price of this preferred stock given a required rate of return of 10.5 percent

  How to rank the bonds on the basis of the price volatility

Compute the duration for bond C, and rank the bonds on the basis of their price volatility. The current rate of interest is 8 percent, so the prices of bonds A and B are $1,000 and $1,268 respectively.

  Determine what is the expected return of the fad followers

Assume that the CAPM is a good description of stock price returns. The market expected return is 7% with 10% volatility and the risk-free rate is 3%. New news arrives that does not change any of these numbers

  Determine what would the portfolio new beta be

The portfolio beta is 1.12. Now suppose you decided to sell one of the stocks in your portfolio with a beta of 1.0 for $7500 and use the proceeds to buy another stoc with beta of 1.75.

  What is the correct amount of lease expense for 2014

on January 1, 2013 Gibson corporation entered into a four-year operating lease. The payments were as follows. $21000 in 2012, $19000 in 2013, 16,000 in 2014, 14000 in 2015.

  Determine the transactions entered into by city of fordache

Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.

  Determine what is roten rooters roe of a profit margin

If Roten Rooters, Inc., has an equity multiplier of 1.51, total asset turnover of 1.30, and a profit margin of 6.1 percent, what is its ROE

  What is present value of all sandys expected future expenses

Sandy is planing his retirement.The rate of interest that he can lend and borrow at the bank is 6 percent. He currently has $ 125000 in the bank. He intends to buy a car 3 years from now.

  Determine what will the monthly payment be

ou want to buy a new sports car from Muscle Motors for $73,000. The contract is in the form of a 60-month annuity due at a 7.00 percent APR. What will your monthly payment be

  Find amount of additional financing needed for fiscal year

Using the following data, determine the amount of additional financing needed for the next fiscal year

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd