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Flotation costs The A Co. wants to raise $20 million to fund a new project. The company estimates that it will spend $500,000 for accounting,

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Flotation costs The A Co. wants to raise $20 million to fund a new project. The company estimates that it will spend $500,000 for accounting, legal and other costs related to the issue. The underwriting spread is 7.5 percent. The issue price of the stock is $25 a share. How many shares of stock does the A Co. need to sell

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