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corporate finance 5. Calculating Flotation Costs (L03) The Valhalla Corporation needs to raise $75 million to finance its expansion into new markets. The company will

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5. Calculating Flotation Costs (L03) The Valhalla Corporation needs to raise $75 million to finance its expansion into new markets. The company will sell new shares of equity via a general cast offering to raise the needed funds. If the offer price is $19 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold? ana

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