A company wants to raise $100 million on a new stock issue. According to their investment banker, a sale of new stock will require 8% under pricing and a 7% spread. Assuming the companys stock price does not change from its current price of $100 per share, how many shares must the company sell and at what price?

	a.	2.25 million shares.
	b.	1.69 million shares.
	c.	1.90 million shares.
	d.	3.0 million shares.

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