Foster Enterprises stock is trading for $49 per share and there are currently 11 milion shares outstanding It would like to se $115 million If its underwriter charges 6% of gross proceeds a How many shares must itsel? b. If it expects the stock price to drop by 1% upon announcement of the SEO, how many shares should it plan to sell? c. It all of the shares are primary shares and are sold to new investors what percentage reduction in ownership will all of the existing shareholders experience? How many shares must soll? The total number of share it must sell will be shwes (Round to the newest integet) b. It is expects the stock price to drop by 1% upon announcement of the SEO, how many shares should it plan to sell? If the stock price drops by 1%, the total number of shares it must sell will be shares Pound to the west integet) It all of the share primary shares and are sold to new inwestors, what percentage reduction in ownership will all of the existing shareholders expenence? It all of the shares are primary shares and are sold to new investors, the existing ownership will drop by % (Round to two decimal places)