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Category > Business & Finance Posted 06 Jun 2017 My Price 3.00

Anderson Anchor Corporation needs to raise $54 million to support its expansion plans

Anderson Anchor Corporation needs to raise $54 million to support its expansion plans. Anderson's investment banker normally charges 10 percent of the market value to handle an equity issue. If the price of Anderson's stock is expected to be $12, how many shares of stock must be issued so that the company receives the needed $54 million?

 

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Alpha Geek
(8)
Status NEW Posted 06 Jun 2017 06:06 PM My Price 3.00

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file 1496773164-Answer.docx preview (115 words )
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