Explore BrainMass
Share

Explore BrainMass

    How many shares of stock must wear ever sell?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Wear ever is expanding and needs $12.6 million to help fund this growth. the firm estimates it can sell new shares of stock for $32.50 a share. it also estimates it will cost an additional $340,000 for filing and legal fees related to the stock issue. the underwriters have agreed to a 7.5 percent spread. how many shares of stock must wear ever sell if it is going to have $12.6 million available for its expansion needs?
    What is the formula for processing this question and how is it used?

    © BrainMass Inc. brainmass.com October 10, 2019, 2:25 am ad1c9bdddf
    https://brainmass.com/business/business-math/how-many-shares-of-stock-must-wear-ever-sell-376765

    Solution Summary

    The Solution provides the number of shares of stock that Wear ever must sell as per requirement.

    $2.19