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Question 19 4 pts The Kevin Company, whose stock price is now $25, needs to raise $20 million in common stock. Underwriter have informed the
Question 19 4 pts The Kevin Company, whose stock price is now $25, needs to raise $20 million in common stock. Underwriter have informed the firm's management that the price of new issue to public at $22 per share because of signaling effects. The underwriters' compensation will be 5% of the issue price, and the firm will also incur expenses in the amount of $150,000. How many shares must the firm sell to net $20 million after underwriting and flotation expenses? 0 956,938 shares O964,115 shares 800,000 shares O 909,091 shares 859,472 shares
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