Issuing Stock Terrance and several partners own a dry cleaning business that operates as a closely held corporation. They want to go public and sell stock, hoping to raise enough capital to expand the business.

If the initial offering of their stock sells for $29.50 per share,

how many shares of stock will they have to sell to raise $1 million?

Answer rating: 100% (QA)

Calculating Number of Shares to Raise 1 Million To calcula... View the full answer