Question: (Flotation costs and issue size) If flotation costs for a common stock issue are 18 percent, how large must the issue be so that the

(Flotation costs and issue size) If flotation costs for a common stock issue are 18 percent, how large must the issue be so that the firm will net $5, 800,000? If the stock sells for $85 per share, how many shares must be issued

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