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 dolla

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 dolla

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 dolla


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