Calculating Costs of Issuing Stock Paige's Purses,Inc

question 98

Multiple Choice

Calculating Costs of Issuing Stock Paige's Purses,Inc.,needs to raise $30 million in new capital funding from a seasoned equity offering.In discussions with its investment bank,Paige's Purses learns that the bankers recommend a gross price of $25.00 per share and they will charge an underwriter's spread of $2.00 of the gross price.In addition,Paige's Purses must pay $2 million in legal and other administrative expenses for the seasoned stock offering.What is the number of shares of stock that Paige's Purses will need to sell to raise the $30 million?

• A)1,391,305
• B)1,280,000
• C)1,120,000
• D)1,127,392

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Mainstream Mass Media

Widely consumed media outlets and platforms, including newspapers, television, and radio, that reach a large audience and influence public opinion.

Stereotyping

The oversimplified and generalized portrayal of a particular group of people, often based on prejudices, lacking nuance and accuracy.

Class Imagery

Visual or media representations that reflect, reinforce, or challenge perceptions and stereotypes of social classes.

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A genre of film and television that combines elements of romance and humor, often focusing on the relationship between two characters.