Janet and Gilbert learn that the investment bankers are two-timing scoundrels! They are also serving as lead underwriters for the Soft Sales new issue! To keep the deal with InterCat, the bankers...

Janet and Gilbert learn that the investment bankers are two-timing scoundrels! They are

also serving as lead underwriters for the Soft Sales new issue! To keep the deal with

InterCat, the bankers agree to let Janet and Gilbert in on a little secret. Soft Sales has been

forced to delay its public issue because the company’s records are disorganized and

incomplete. Given this new information, Janet and Gilbert decide that they can be more

lenient on the initial public offering timeframe. They want to complete the process of issuing

new stock within 24 weeks instead of 22 weeks. Assume that the cost and time to complete

the appointment of the registrar and transfer agent are the same as in part (c). How can

InterCat meet this new deadline set by Janet and Gilbert at minimum cost?

Aug 18, 2022

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