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Question 7 2 pts PV Inc., whose stock is currently at $20.50, needs to raise $15 million by issuing common stock. The new stock price
Question 7 2 pts PV Inc., whose stock is currently at $20.50, needs to raise $15 million by issuing common stock. The new stock price to be issued is estimated by underwriters to be $20 per share. The underwriters' fee will be 7% of the issue price. Other expenses related to the issuance are estimated to be $252,000. How many shares must PV issue to raise the funds needed and cover the fees and other expenses above? 820,000 O 18,600.000 O 806,452 750,000
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