1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DedPeter [7]
3 years ago
9

Draiman Guitars is offering 110,000 shares of stock in an IPO by a general cash offer. The offer price is $39 per share and the

underwriter's spread is 8 percent. The administrative costs are $350,000. What are the net proceeds to the company?
Business
1 answer:
Zolol [24]3 years ago
6 0

Answer:

$3,596,800

Explanation:

The computation of net proceeds to the company is shown below:-

Net proceeds = Number of shares of stock × Offer price × (1 - Underwriter spread percent) - Administrative cost

= 110,000 × $39 × (1- 0.08) - $350,000

= 110,000 × $39 × 0.92 - $350,000

= $3,946,800 - $350,000

= $3,596,800

So, for determining the net proceeds we simply applied the above formula.

You might be interested in
Marie values the complete protection of her new smartphone more than the $50 per month it would cost her to purchase a comprehen
lorasvet [3.4K]
The answer is B......
8 0
3 years ago
During the process of labor, what needs to dilate to 10 centimeters (4.5 inches)?
Nina [5.8K]
<span>Ans :Cervix Active labor will last about 3-5 hours Your cervix will dilate from 4cm to 7cm Contractions during this phase will last about 45-60 seconds with 3-5 minutes rest in between Contractions will feel stronger and longer This is usually the time to head to the hospital or birth center</span>
4 0
3 years ago
Howard Cooper of Owens Corning Fiberglass talks to David Weekley, a homebuilder, to find out how much fiberglass insulation he i
Mars2501 [29]

A buildup approach is used by Howard to find out how much fiberglass insulation to use in building homes

<h3>What is a buildup approach?</h3>

This refers to the method of calculating an market's revenue potential by recognizing the number of probable purchasers in the market and ther purchaser's requirements as well.

Hence, this same approach is used by Howard to find out how much fiberglass insulation to use in building homes.

Read more about buildup approach

<em>brainly.com/question/14167677</em>

#SPJ1

7 0
1 year ago
Company X has beta = 1.6, while Company Y's beta = 0.7. The risk-free rate is 7%, and the required rate of return on an average
Kaylis [27]

Answer:

a. 5.40%

Explanation:

First, I will calculate the new cost of equity for both stock X and Y:

Required rate of return = risk free rate + (beta x market premium)

Re stock X = 8% + (1.6 x 6%) = 8% + 9.6% = 17.6%

Re stock Y = 8%  + (0.7 x 6%) = 8% + 4.2% = 12.2%

The difference between the required rate of return = 17.6% - 12.2% = 5.4%

4 0
3 years ago
Who do you think has the least<br> influence? Why?
tatuchka [14]

Answer:

good stuff

Explanation:

people these days (including me sometimes) put more energy into bad things and negative things .and its partly social media's fault.

3 0
2 years ago
Other questions:
  • Gabriel Corporation has fixed costs of $180,000 and variable costs of $8.50 per unit. It has a target income of $268,000. How ma
    9·1 answer
  • Robert wants to get serious about saving for a new car. Which account would you recommend? Why?
    7·1 answer
  • International trade promotes economic growth when it allows any two countries to grow (in their combined production) beyond (abo
    5·1 answer
  • If the price of Pepsi decreases, all else held constant, then we’d expect to see a consequent shift of the demand curve for: Mul
    14·1 answer
  • Kevin fidgets and taps on things, sighs often, squirms, constantly checks the time, and yells at people when they ask him how a
    11·1 answer
  • The privacy act of 1974 ____.
    12·1 answer
  • ABC made a $15,000 sale on account with the following terms: 1/10, n/30. If ABC uses the gross method to record sales made on cr
    13·1 answer
  • In its most common usage, ______ refers to circumstances in which an insurance company tries to recoup expenses for a claim it p
    13·1 answer
  • Ill give Brainliest to the one that awnsers
    15·1 answer
  • According to nutt and backoff's assessment of organizational contexts in terms of their abilities to produce visionary strategic
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!