Solution 1 Howett Pockett Inc plans to issue 10 3 million new shares of its stock In discussions with its investment bank Howett Pocket learns that the
Solution Howett Pockett Inc plans to issue million new shares of its stock In discussions with its investment bank
Solution Howett Pockett Inc plans to issue million new shares of its stock In
plans to issue million new shares of its stock In discussions with its investment bank Howett Pocket learns that the
Solution Howett Pockett Inc plans to issue million new shares of its
stock In discussions with its investment bank Howett Pocket learns that the
Solution Howett Pockett Inc plans to issue million new
Solution Howett Pockett Inc
(Solution) 1 Howett Pockett, Inc., plans to issue 10.3 million new shares of its stock. In discussions with its investment bank, Howett Pocket learns that the...

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1Howett Pockett, Inc., plans to issue 10.3 million new shares of its stock. In discussions with its investment bank, Howett Pocket learns that the bankers recommend a net proceed of $34.40 per share and they will charge an underwriter’s spread of 6.0 percent of the gross proceeds. In addition, Howett Pockett must pay $3.7 million in legal and other administrative expenses for the seasoned stock offering. Calculate the gross proceeds per share. (Round your answer to 2 decimal places.)   Gross proceeds $  per share   Calculate the total funds received by Howett Pockett from the sale of the 10.3 million shares of stock.(Enter your answer in millions of dollars rounded to 3 decimal places.)   Funds received by Howett Pockett $ m   2Renee’s Boutique, Inc., needs to raise $58.17 million to finance firm expansion. In discussions with its investment bank, Renee’s learns that the bankers recommend a debt issue with an offer price of $1,000 per bond and they will charge an underwriter’s spread of 8.5 percent of the gross price. Calculate the net proceeds to Renee’s from the sale of the debt. (Enter your answer in millions of dollars and round to 2 decimal places.)   Net proceeds to Renee’s $  m  How many bonds will Renee’s Boutique need to sell in order to receive the $58.17 million it needs? (Do not round intermediate calculations and round your final answer to the nearest whole number.)   Number of bonds  bonds   3Zimba Technology Corp. recently went public with an initial public offering of 1.6 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds were $9.66 per share and the underwriter’s spread was 8 percent of the gross proceeds. Zimba also paid legal and other administrative costs of $261,000 for the IPO. Calculate the gross proceeds per share. (Round your answer to 2 decimal places.)   Gross proceeds $  per share   Calculate the total funds received by Zimba from the sale of the 1.6 million shares of stock. (Enter your answer in millions of dollars rounded to 3 decimal places.)   Funds received by Zimba $ m  

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