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
koban [17]
3 years ago
14

Fishwick Enterprises has 200,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The tw

o cousins have decided to sell 100,000 shares in an IPO. Half of these shares would be issued by the company to raise new cash, and half would be shares that are currently held by Jennifer Fishwick. Suppose that the shares are sold at an issue price of $50 but rise to $80 by the end of the first day’s trading. Suppose also that investors would have been prepared to buy the issue at $80.a. What percentage of the company will Jennifer own after the issue?b. What will her holding be worth at the end of the first day’s trading?c. Suppose the issue had been priced at $62. How many shares would the company have needed to sell to raise the same gross proceeds from the IPO?d. What in this case would be Jennifer’s wealth (cash plus the value of her remaining holding)?e. What is the cost of underpricing to Jennifer in dollars?
Business
1 answer:
Ivahew [28]3 years ago
3 0

Answer:

A. 20%

B.$4,000000

C. 62,500

D. $6,500,000

E $1,500,000

Explanation:

You might be interested in
The 20% off sale is a better deal than the $200 rebate or $150 coupon for the $1,500 dining set. The Porters budgeted $1,250 for
vovikov84 [41]

Answer:20% off is better and it is the only offer which is under the budget.

Explanation:Given,

The original cost of the dining set = $ 1,500,

If there is a off of 20%,

Then the discount on dinning table = 20% of 1500

= $ 300

So, the final amount of the dinning table after 20% off = 1500 - 300 = 1200 < 1250

Thus, it under the budget.

Now, in $ 200 rebate,

The new cost of the dinning table = 1500 - 200 = $ 1300 > 1250,

Thus, it is not under budget.

While, In $150 coupon,

The new cost of the dinning table = 1500 - 150 = $ 1350 > 1250,

Thus, it is not under budget.

5 0
3 years ago
Read 2 more answers
Green Frog is an environmentally friendly firm in the cosmetics industry. Even though Green Frog is environmentally friendly, th
kakasveta [241]

Answer:

D) Growth in earnings per share averaging 15% or better annually for the next five years

Explanation:

First of all, objectives must be well defined and measurable. That is why increasing profitability is a good idea but not a very good strategic objective, since a 0.00001% growth in profits will still comply with it. The same applies with growing market share.

Improving product quality will help improve total sales but it is not a financial objective.

The only financial objective that is precise and measurable is option D, which sets the goal of increasing earnings per share at least 15% every year.

5 0
3 years ago
Karina looked at her paycheck stub. Her gross pay was $245 and her net pay was $200. How much did she have in deductions?
sammy [17]
How much did she have in deductions? $45
7 0
3 years ago
Read 2 more answers
What is the first step in amending the Texas Constitution?
kolezko [41]

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

3 0
3 years ago
Read the following descriptions of several different environments. Based on the information given, sort each environment into th
Varvara68 [4.7K]

Answer:

Have been mechanical weathering to prevail.

A chilly, humid atmosphere at high altitude, where freezing and thawing are prevalent.

An uplifting dry cold atmosphere wherein material is eliminated out of an inherent pluton / intrusive igneous rock by erosion.

Weathering of chemicals would prevail.

A warm atmosphere with several brief but intense rain storms. A warm and humid atmosphere with intense rainfall that happens all year round.

A warm and wet atmosphere with annual precipitation above normal and many turbulent seasons annually.

6 0
3 years ago
Other questions:
  • Kevin and Maria are building their portfolios. Kevin purchases shares in a mutual fund and pays fees to a manager who actively m
    6·1 answer
  • Medallion Cooling​ Systems, Inc., has total assets of $9,800,000​, EBIT of $2,050,000​, and preferred dividends of $201,000 and
    6·1 answer
  • 4. Another term for a pre-inspection agreement is A. pre-sale inspection. B. partial inspection. C. scope of work. D. standard o
    11·1 answer
  • Which of the following errors would cause the adjusted trial balance to be unequal? a. The adjustment for prepaid insurance was
    13·1 answer
  • Investments and loans base their interest calculations on one of two possible methods: the interest and the interest methods. Bo
    15·1 answer
  • Which of the following is known as the “supreme law of the land”
    5·2 answers
  • Discuss the link between polygamy and the dawn of agriculture
    13·1 answer
  • Which of these increases the price of certain foreign-made goods?
    7·2 answers
  • What is the preferred style of check to provide to employees on payday
    13·1 answer
  • An agent who arranges a transaction between a buyer and a seller of equity securities is called a:_____.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!