2 pts Question 7 PV Inc., whose stock is currently at $20.50, needs to raise $15 million by issuing common stock. The new stock price to be issued is estimated by underwriters to be $20 per share. The underwriters' Dee will be 7% of the issue price. Other expenses related to the issuance are estimated to be $252,000. How many shares must PV issue to raise the funds needed and cover the fees and other expenses above? 820,000 750,000 806,452 18,600,000 2 pts D Question 8 When stock in a closely held corporation is offered to the public for the first time the transaction is called "going public" and the market for such stock is called the initial public offering, or IPO, market. True False