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Junior's Burgers needs to raise $250 million to expand their burger business. Junior's must pay its investment banker 5% of the issue's total value. If
Junior's Burgers needs to raise $250 million to expand their burger business. Junior's must pay its investment banker 5% of the issue's total value. If Junior's can issue stock at the market price of $80 per share, how many shares must be issued so that Junior's has $250 million after flotation costs to fund the planned growth?
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