Question: Firm x needs to net $ 8 , 6 0 0 , 0 0 0 from the sale of common stock. Its investment banker has
Firm needs to net $ from the sale of common stock. Its investment banker has informed the firm that the retail price will be $ per share, and that firm will receive $ per share. Outofpocket costs are $ How many shares must be sold to achieve the desired net to the issuing firm?
Note: Round up your answer to nearest whole number.
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