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Danvers Equipment needs to raise $46 million to expand its operations nationally. The company will sell new shares of common stock using a general cash
Danvers Equipment needs to raise $46 million to expand its operations nationally. The company will sell new shares of common stock using a general cash offering. The underwriters spread is eight percent spread, the administrative costs are $280,000, and the offer price is $38 per share. How many shares of stock must be sold for the company to receive the total funds it desires
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