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Firm X needs to net $7,500,000 from the sale of common stock. Its investment banker has informed the firm that the retail price will be
Firm X needs to net $7,500,000 from the sale of common stock. Its investment banker has informed the firm that the retail price will be $23 per share, and that the firm will receive $20.00 per share. Out-of-pocket costs are $500,000. How many shares must be sold? (Round your answer to nearest whole number.) O 405,000 O 395,000 O 415,000 O 400,000
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