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    johnneedtoknow's Avatar
    johnneedtoknow Posts: 1, Reputation: 1
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    #1

    Mar 28, 2011, 11:55 AM
    Finance
    Firm needs to raise $10 million; flotation costs are $15; market price is $120; how many shares needs to be issued?
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Mar 28, 2011, 12:03 PM

    $10 million / ($120 - 15)
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