Wong industries has hired the investment banking firm

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Reference no: EM13515221

Wong industries has hired the investment banking firm of Friday, Kruse, & DeLatte (FKD) to help it go public. Wong and FDK agree that Wong's current value of equity us &80 million. Wong currently has 5 million shares outstanding and will issue 1 million new shares. FDK charges a 6% spread. What is the correctly valued offer price? How much cash will Wong raise net of the spread?

Reference no: EM13515221

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