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Pichon Sports is expanding and needs $55 million to help fund this growth. The company estimates it can sell new shares of stock for $44

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Pichon Sports is expanding and needs $55 million to help fund this growth. The company estimates it can sell new shares of stock for $44 per share. The underwriters have agreed to a spread of 7 percent. How many shares of stock must be sold for the company to fund its expansion? 17.857,143 1,344,086 2,600,000 1.250,000 1,162.250

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