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Category > Business & Finance Posted 20 Jun 2017 My Price 11.00

Jordan Broadcasting Company is going

Jordan Broadcasting Company is going public at $40 net per share to the company. There also are founding stockholders that are selling part of their shares at the same price. Prior to the offering, the firm had $24 million in earnings divided over eight million shares. The public offering will be for five million shares; three million will be new corporate shares and two million will be shares currently owned by the founding stockholders.
(a) What is the immediate dilution based on the new corporate shares that are being offered?(Enter your answer in dollars per share not in millions.Round your answer to 2 decimal places. Omit the "$" sign in your response.)

 

Dilution $per share
(b) If the stock has a P/E ratio of 23 immediately after the offering, what will the stock price be?(Enter your answer in dollars per share not in millions.Round your answer to 2 decimal places. Omit the "$" sign in your response.)

 

Stock price $

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Status NEW Posted 20 Jun 2017 08:06 AM My Price 11.00

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