Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
6th Edition
ISBN: 9780134162690
Author: Chan S. Park
Publisher: PEARSON
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Question
Chapter 15, Problem 1P
a:
To determine
Calculate the floatation cost and number of share.
a:
Expert Solution
Explanation of Solution
Number of share (NS) can be calculated as follows.
Number of share is 425,532.
Floatation cost (FC) can be calculated as follows.
Floatation cost is $638,298.
b:
To determine
Calculate the interest payment.
b:
Expert Solution
Explanation of Solution
Floatation cost (FC) can be calculated as follows.
Floatation cost is $193,680.
Number of bond (NS) can be calculated as follows.
Number of bond is 425,532.
Annual interest (
Annual interest is $1,223,280.
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Chapter 15 Solutions
Contemporary Engineering Economics Plus MyLab Engineering with eText -- Access Card Package (6th Edition)
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