Question: Consider a firm that needs $ 5 8 . 8 million for a project. The firm expects to be able to sell new shares at

Consider a firm that needs $58.8 million for a project. The firm expects to be able to sell new shares at $39.3 per share. Find the amount of money that will have to be raised if the underwriter's gross spread is 5.7%.
a.$37.59 millionb.$25.21 millionc.$62.35 milliond.$12.83 millione.$49.97 million

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