Question: The Whistling StraitsCorporation needs to raise $80 million to finance its expansion into new markets. The company will sell new shares of equity via a

The Whistling StraitsCorporation needs to raise $80 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 $35 per share and the company's underwriters charge a spread of 5 percent, how many shares need to be sold?(Do not round intermediate calculations and enter your answer in dollars, not millions, roundedto the nearest whole number, e.g., 1,234,567.)

Ans: number of shares ordered:

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