Question: Problem #1 (6 marks) Thomas Technology Inc. needs $55 million to finance its expansion into new markets. The company will sell new shares of equity

Problem #1 (6 marks) Thomas Technology Inc. needs $55 million to

Problem #1 (6 marks) Thomas Technology Inc. needs $55 million to finance its expansion into new markets. The company will sell new shares of equity via a firm commitment offering to raise the needed funds. a. If the offer price is $18 per share and the company's underwriters charge a 6.5% spread, how many shares need to be sold? (3 marks) b. If in addition to the information is part a, the Ontario Securities commission filing fee and associated administrative expenses of the offering are $600,000, how many shares need to be sold

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