BG Corporation needs $35,250,000 to meet future expansion needs. It is considering issuing common stock to raise money. The investment banker's fee is 6% of the issue's total value. If BG can issue common stock at a market price of $80 per share, what amount must be raised so that the company has $35,250,000 after the flotation costs?

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The amount of money that BG Corporation needs to meet future expansion needs is 35250000 The ... View the full answer