Business, 24.04.2020 15:42 mykalwashington

The Pasta Maker needs to raise $16 million to update its machinery. Management estimates that it will cost the firm $240,000 for accounting, legal, and other costs related to the issuance of securities for this purpose. The underwriting spread is 8 percent and the issue price is $24 a share. How many shares of stock must The Pasta Maker sell to finance its new machinery

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The Pasta Maker needs to raise $16 million to update its machinery. Management estimates that it wil...

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