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Three years ago, you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment and clothing for recreational activities such as camping, skiing, and hiking. So far, your company has gone through three funding rounds: Round Date Investor Shares Share Price ($) Series A Feb. 2013 You 700,000 1.50 Series B Aug. 2014 Angels 1,100,000 2.50 Series C Sept. 2015 Venture Capital 2,300,000 2.50 It is now 2016 and you need to raise additional capital to expand your business. You have decided to take your firm public through an IPO. You would like to issue an additional 5.5 million new shares through this IPO. Assuming that your firm successfully completes its IPO, you forecast that 2016 net income will be $7.5 million. a. Your investment banker advises you that the prices of other recent IPOs have been set such that the P/E ratios based on 2016 forecasted earnings average 19.1. Assuming that your IPO is set at a price that implies a similar multiple, what will be your IPO price per share? b. What percent of the firm will you own after the IPO?
During 2014, Gutter Company. Had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The non-convertible preferred stock has a par value of $100 per share. Gutter did not declare or pay any dividends during ..
What are its intrinsic values at stock prices of $45 and $38, respectively, and what should be the hedge ratio and what should be the value of the hedged portfolio at expiration
All interest rates are quoted with annual compounding. Calculate the cost to ABC at the end of year 4 due to EIB’s bankruptcy.
Robert Carrie financed his office furniture dealer from which he brought it. Determine the lump sum payoff amount the loan company will make.
Prepare a statement showing the incremental cash flows for this project over an 8-year period. Calculate the payback period (P/B) and the net present value (NPV) for the project.
Locke sold machinery used in his business for $50,000. He purchased the equipment three years ago for $55,000 and deducted $22,800 MACRS depreciation through date of sale. Compute and characterize Locke's gain on sale.
An insurance company’s losses of a particular type per year are to a reasonable approximation normally distributed with a mean of $150 million and a standard deviation of $50 million. (Assume that the risks taken on by the insurance company are entir..
Explain the communication process that applies to advertising and promotion and explain the organisation of the advertising and promotions industry
It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. Cookie Cutter’s management is considering a lockbox system to reduce the firm’s collection times. What is the reduction in outstanding cash balan..
3 years ago Marias annual salary was $36785. Today she earns $86218. What was the average annual growth rate of Marias salary?
Determine the possible prices of the call at expiration. Find the possible prices of the call at the end of the first period.- What is the current price of the call?
Suppose you purchase a ten-year bond with 6% annual coupons. You hold the bond for four years, and sell it immediately after receiving the fourth coupon. If the bond’s yield to maturity was 5% when you purchased and sold the bond. What cash flows wil..
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