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mr_godi [17]
3 years ago
14

Management of Carla Vista, Inc., is planning to raise $1,215,000 in new equity through a private placement. If the sale price is

$20.25 per share, how many shares does the company have to issue
Business
1 answer:
Alexeev081 [22]3 years ago
3 0

Answer:

Number of shares to be issued =  60,000  units

Explanation:

<em>A private placement involves the issue of new shares to a few number of individual and institutional investors. Unlike initial public offering, here the shares are not offered to the general public.</em>

The number of units to be issued is determined as follows

Units to be issued = Total capital to be raised / issue price per share

Number of units to be raised = $1215,000/$20.25 per share= 60,000  units

Number of shares to be issued =  60,000  units

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