Answer: $498.75 million
Explanation:
Of the 40 million shares sold by Braynerd Chemicals, 15 million were sold as secondary shares by investors in the company. The proceeds from these 15 million will therefore not go to the company but to the investors so they are not counted.
Gross total money raised will be;
= 25 million * 21.00
= $525 million
The Underwriter charges 5% of the gross amount as a fee so the Net amount raised will be;
Net Total = 525 * ( 1 - 5%)
Net Total = $498.75 million
Answer:
$9.34
Explanation:
Provided that,
Time takes for removing the virus = 40 minutes
Paid per hour = $14
We know that 1 hour has 60 minutes so 40 minutes would be equal to
= 40 minutes ÷ 60 minutes
= 0.67
So, the direct cost of this service would be]
= Paid per hour × time taken
= $14 × 0.6667
= $9.34
We simply multiplied the paid per hour by the time taken so that the direct cost could find out
The similarity of negative growth rate and zero growth rate is that there is no growth towards a positive output. For example, if the business is currently in either state, it is not earning. It may be very stagnant (for zero growth rate) or losing (for negative growth rate). Which either the case may be, it is not beneficial to the business owner.
Answer:
Amount investment in Sock Y = - $126,000
Beta of portfolio = 1.636
Explanation:
Data provided in the question:
Total amount to be invested = $140,000
Stock X Y
Expected return 14% 10%
Beta 1.42 1.18
Expected return of portfolio = 17.6%
Now,
let the weight invested n stock X be W
therefore,
Weight of Stock Y = 1 - W
thus,
( W × 14% ) + (1 - w) × 10% = 17.6
%
or
14W + 10% - 10W = 17.6%
or
4W = 7.6
or
W = 1.9
Therefore,
weight of Y = 1 - 1.9 = -0.9
Thus,
Amount investment in Sock Y = Total amount to be invested × Weight
= 140,000 × ( - 0.9 )
= - $126,000 i.e short Y
Beta of portfolio = ∑ (Beta × Weight)
= [ 1.42 × 1.9 ] + [ 1.18 × (-0.9) ]
= 2.698 - 1.062
= 1.636
