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Husker's Tuxedo's, Inc., needs to raise $258 million to finance its plan for nationwide expansion. In discussions with its investment bank, Husker's learns that the

Husker's Tuxedo's, Inc., needs to raise $258 million to finance its plan for nationwide expansion. In discussions with its investment bank, Husker's learns that the bankers recommend an offer price (or gross price) of $30 per share and they will charge an underwriter's spread of $2.15 per share. Calculate the net proceeds per share to Husker's from the sale of stock. (Round your answer to 2 decimal places.) Net proceeds $ per share How many shares of stock will Husker's need to sell in order to receive the $258 million needed? Number of shares sold shares

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