A

B

Yellow Corporation stock currently sells for $75 per share. There are 10 million shares currently outstanding. The company announces plans to raise $7 million by offering shares to the public at a price of $75 per share If the underwriting spread is 4 %, how many shares will the company need to issue in order to be left with net proceeds of $7 million? Enter your answer as a whole number not in millions. (For example, 1,000,000 not 1 million.) Shares 97222 Correct response: 97,222+10 If other administrative costs are $80,000, what is the dollar value of the total direct costs of the issue? Assume that 97,222 shares are issued. Enter your answer as a whole number. Direct costsNumber