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A company would like to raise $32 million in an IPO. The underwriter charges 5% of gross proceeds. If the offer price is set to

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A company would like to raise $32 million in an IPO. The underwriter charges 5% of gross proceeds. If the offer price is set to $40 per share, how many shares must the company sell to raise the net proceeds of $32 million? 800,000761,905842,105 None of the given choices

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