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Finance Assignment | Professional Writing

Author:
May 31st, 2020
Benjamin Garcia’s start-up business is succeeding, but he needs $207,000 in additional funding to fund continued growth. Benjamin and an angel investor agree the business is worth $828,000 and the angel has agreed to invest the $207,000 that is needed. Benjamin presently owns all 43,000 shares in his business. Because the stock will be sold directly to an investor, there is no spread; the other flotation costs are insignificant.
Homework For You
What is a fair price per share? Do not round intermediate calculations. Round your answer to the nearest cent.
$
How many additional shares must Benjamin sell to the angel? Do not round intermediate calculations. Round your answer to the nearest whole number.
shares

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