Your firm needs to raise $10 million. Assuming that flotation costs are expected to be $15 per share, and that the market price of the stock is $120, how many shares would have to be issued? What is the dollar size of the issue?© BrainMass Inc. brainmass.com December 24, 2021, 8:56 pm ad1c9bdddf
Flotation cost per share=$15
Market price per share=$120
Net amount ...
Solution calculates the number of shares to be issued and dollar size of the issue.