Question: Practice Problem 3-4. picture included Am 9. Practice Problem 3-4 eBook Jasmine Flowers must raise $403 million for its future expansion. To do so, Jasmine
Am 9. Practice Problem 3-4 eBook Jasmine Flowers must raise $403 million for its future expansion. To do so, Jasmine expects to issue new common stock. Investment bankers have informed the company the notation costs will be 11.5 percent of the total amount issued plus 5825,500 in additional costs associated with the issue Jasmine can issue its stock for $65 per share Determine how many shares Jasmine must sell to net $403 million after rotation costs, Round your answer to the nearest whole number shares
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