A company is planning to raise $1,400,000 by issuing equity. their underwriter has agreed to sell shares for the company with an offer price of $25. the underwriting spread is 5%. the related expenses of this issue, e.g., filing fee, legal fee, and accountant's charges add up to $82,000. How many shares of stock must they issue to raise the desired amount?

Answer rating: 100% (QA)

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