Emma International needs $250 Million in new equity capital; currently shares are trading at $20 per share.Morgan Steely (the investment banker) requires a 4% spread of the offer price which will be $19 per share and is fully subsribed at that price.The fixes costs (legal,accounting,etc.) are estimated at $750,000.What is the net price per share the firm will receive?
A) $19.20
B) $18.20
C) $18.24
D) $19.00
Correct Answer:
Verified
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