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Please help me solve this problem : Persian rug needs $600 million to support growth next year. If it issue new common stock to raise
Please help me solve this problem :
Persian rug needs $600 million to support growth next year. If it issue new common stock to raise the funds, the flotation (issuance) cost will be 4%.If Persian can issue stock at $125, how many share of common stock must be issued so that it has $600 million after flotation's cost to use for its planned growth.
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