Question: The St Anger Corporation needs to raise 45 million to

The St. Anger Corporation needs to raise $45 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $31 per share and the company’s underwriters charge a spread of 7 percent, how many shares need to be sold?

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  • CreatedAugust 28, 2014
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