8. Maggie's Merchandising (MM) is a publicly-traded firm with 20 million shares outstanding. MM stock currently sells for $50 per share and MM is planning a $100 million seasoned equity offering (SEO). Assuming that the stock price drops 2% upon the announcement of the SEO, then how many shares will MM need to sell to receive $100 million in proceeds. Assuming that I own 8 million shares before the SEO and that I did not sell any shares in the SEO, then what is my new ownership percentage after the SEO? How many of my shares could I sell (not in the SEO) and maintain a 20% ownership of MM? How much money will I receive for my shares sold? 8. Maggie's Merchandising (MM) is a publicly-traded firm with 20 million shares outstanding. MM stock currently sells for $50 per share and MM is planning a $100 million seasoned equity offering (SEO). Assuming that the stock price drops 2% upon the announcement of the SEO, then how many shares will MM need to sell to receive $100 million in proceeds. Assuming that I own 8 million shares before the SEO and that I did not sell any shares in the SEO, then what is my new ownership percentage after the SEO? How many of my shares could I sell (not in the SEO) and maintain a 20% ownership of MM? How much money will I receive for my shares sold