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:

Phenotype

The observable characteristics or traits of an organism, such as its morphology, development, biochemical or physiological properties, behavior, and products of behavior.

Genotype

The genetic makeup of an organism, consisting of the inherited alleles and serving as the blueprint for an organism's traits.

Monozygotic Twins

Twins that are genetically identical as they were formed from a single fertilized egg that split into two, sharing 100% of their DNA.

Homozygous

Describes an organism that has two identical alleles for a particular trait or gene.