In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are
Question:
In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are $1,425,000, how many shares need to be sold now?
Previous problem
The Zuri Co. needs to raise $87 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $48 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold?
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-1259277214
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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