GHX Ltd(GHX)needs to Issue an Additional $50,000,000 in Common Shares

question 111

Multiple Choice

GHX Ltd.(GHX) needs to issue an additional $50,000,000 in common shares.GHX's investment banker has determined that the new shares could be issued at a retail price of $30 and the underwriting costs will be $2.25 a share.If other issuance costs would be $1,500,000 how many shares would GHX need to issue?

• A) 2,456,900
• B) 1,855,856
• C) 500,000
• D) 4,888,999

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Definitions:

Survey

A method of gathering information from individuals, usually by asking a series of questions.

Confirmation Bias

The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses, while giving disproportionately less consideration to alternative possibilities.

Debriefing

A process following a research study or mission where participants are explained the purpose and findings, and any deception is revealed.

Deception

The act of misleading or deceiving someone by presenting false information or concealing the truth.