In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are

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In the previous problem, if the SEC filing fee and associated administrative expenses of the offering are $1.9 millon, how many shares need to be sold? 


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The Scandrick Corporation needs to raise $65 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 $35 per share and the company’s underwriters charge a spread of 7 percent, how many shares need to be sold?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Corporate Finance

ISBN: 978-1259918940

12th edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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