Question: Saved SL Save & Exit Help Ch 14-15) MC algo 15-3 Calculating Flotation Costs Gravity, Inc., needs to raise $54 million to fund its expansion

Saved SL Save & Exit Help Ch 14-15) MC algo 15-3 Calculating Flotation Costs Gravity, Inc., needs to raise $54 million to fund its expansion plans. The company will sell shares at a price of $29.20 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent. How many shares need to be sold

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