BUS 401 Week 4 Problem 13-5

# BUS 401 Week 4 Problem 13-5

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BUS 401 Week 4 Problem 13-5

Study Problem 13-5
13-5. (Flotation costs and issue size) D. Butler Inc. needs to raise \$14 million. Assuming that the market price of the firms stock is$95, and flotation costs are 10 percent of the market price, how many shares would have to be issued? What is the dollar size of the issue?

BUS 401
DVick

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Excerpt from file: Study Problem 13-5 13-5. (Flotation costs and issue size) D. Butler Inc. needs to raise 14 million. Assuming that the market price of the firms stock is 95, and flotation costs are 10 percent of the market price, how many shares would have to be issued? What is the dollar size of the issue? Answer:

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Filename: DBM 380 Week 3 ERD Creation Project.zip

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