24 Jul HOW MANY SHARES OF STOCK WILL DONS NEED TO SELL IN ORDER TO RECEIVE THE $13.00 MILLION IT NEEDS?
s Dog Pens Inc. with the help of its investment bank recently issued $201.2 million of Show more Harpers Dog Pens Inc. with the help of its investment bank recently issued $201.2 million of new debt. The offer price on the debt was $1000 per bond and the underwriters spread was 6 percent of the gross proceeds. Calculate the amount of capital funding Harpers Dog Pens raised through this bond issue. (Enter your answer in dollars not in millions.) Funds received $ Dons Captain Morgan Inc. needs to raise $13.00 million to finance plant expansion. In discussions with its investment bank Dons learns that the bankers recommend an offer price (or gross proceeds) of $20.90 per share and Dons will receive $18.65 per share. Calculate the underwriters spread per share on the issue. (Round your answer to 2 decimal places.) Underwriters spread $ per share How many shares of stock will Dons need to sell in order to receive the $13.00 million it needs? Number of shares sold shares Hughes Technology Corp. recently went public with an initial public offering in which it received a total of $86.03 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $19.65 and the underwriters spread was $1.30. Hughes also paid legal and other administrative costs of $2.05 million for the IPO. Calculate the number of shares issued through this IPO. (Enter your answer in millions. Round your answer to 2 decimal places.) Number of shares m Show less
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