Pichon Sports is expanding and needs $55 million to help fund this growth. The company estimates it can sell new shares of stock for $44 per share. The underwriters have agreed to a spread of 7 percent. How many shares of stock must be sold for the company to fund its expansion?

Answer rating: 100% (QA)

To determine the number of shares of stock that need to be sold for Pichon Sports to raise 55 millio... View the full answer