The Wheat Field needs to raise $65 million to expand its operations into South America. The company will sell new shares of common stock using a general cash offering. The underwriters charge an 8.5 percent spread. How many shares of stock must be sold if the offer price is $17 a share

Partnerships are the most common type of business firms in the world. t/f

If a bond is issued at a premium the effective interest rate is most likely

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.