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Investment Banking and Private Equity] The St. Anger Corporation needs to raise $100 million to finance its expansion into new markets. The company will sell
Investment Banking and Private Equity] The St. Anger Corporation needs to raise $100 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. If the offer price is $50 per share, the companys underwriters charge a spread of 10%, the SEC filing fee and associated administrative expenses of the offering are $2,000,000, how many shares need to be sold?
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