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Meme Matix Ltd . requires $ 1 . 2 7 5 million to expand its dining room and catering services. The firm's underwriters require a

Meme Matix Ltd. requires $1.275 million to expand its dining room and catering services. The firm's underwriters require a 6 percent spread and have set the stock price at $30 a share. The estimated issue costs are $154,000. How many shares of stock will Meme Matix Ltd. need to sell if it has a firm commitment underwriting?

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