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Category > Accounting Posted 25 May 2017 My Price 5.00

SMG Corporation sold 20 million shares of common stock in a seasoned offering

SMG Corporation sold 20 million shares of common stock in a seasoned offering. The market price of the company’s shares, immediately before the offering, was $14.75. The shares were offered to the public at $14.50, and the underwriting spread was 4 percent. The company’s expenses associated with the offering were $7.5 million. How much new cash did the company receive?

 

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Alpha Geek
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Status NEW Posted 25 May 2017 08:05 AM My Price 5.00

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file 1495700957-Answer.docx preview (117 words )
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