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6. Investment bankers generally like to offer the initial stock of companies that are going public at a price ranging from $10 to $30 per

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6. Investment bankers generally like to offer the initial stock of companies that are going public at a price ranging from $10 to $30 per share. If Sun Coast stock were to be offered to the public at a price of $20 per share, how large a stock split would be required prior to the sale? 7. Assume that Sun Coast chooses to raise $3 million through the sale of stock to the public at $20 per share

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