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Mathematics, 16.04.2020 16:06 erick7123
The Benjamin Banneker Company is planning a major expansion program. To finance the program, Banneker plans to sell an issue of 200,000 shares of stock at 15.20 per share The underwriting commissions will be 5.5 percent of the value of the stocks. Accounting lees, legal fees, printing costs, and other expenses are estimated to be S142.985. Find the total selling expense, net proceeds, and cost per share of the underwriting expenses for the Benjamin Banneker Company
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The Benjamin Banneker Company is planning a major expansion program. To finance the program, Banneke...
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