Husker’s Tuxedo’s, Inc. needs to raise $262 million to finance its plan for nationwide expansion. In...

Husker’s Tuxedo’s, Inc. needs to raise $262 million to finance its plan for nationwide expansion. In discussions with its investment bank, Husker’s learns that the bankers recommend an offer price (or gross price) of $40 per share and they will charge an underwriter’s spread of $2.35 per share.

Calculate the net proceeds per share to Husker’s from the sale of stock.

How many shares of stock will Husker’s need to sell in order to receive the $262 million needed?

Expert Solution

jeff jeffy answered 2 years ago

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