Highlander Homes stock trades at $32 per share and there are 50 million shares outstanding.The management would like to issue a total of 8 million (primary and secondary)shares in an SEO.If the underwriter charges 5% of gross proceeds,75% of the shares are primary shares sold to new investors,and 25% of the shares are secondary shares sold to new investors,what percentage of the company will be owned by the new investors?

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The Answer of Highlander Homes stock trades at $32 per share and there are 50 million shares outstanding.The management would like to issue a total of 8 million (primary and secondary)shares in an SEO.If the underwriter charges 5% of gross proceeds,75% of the shares are primary shares sold to new investors,and 25% of the shares are secondary shares sold to new investors,what percentage of the company will be owned by the new investors?

Highlander Homes Stock Trades at $32 Per Share and There