Pichon Sports is expanding and needs $55 million to help fund this growth. The company estimates it
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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?
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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