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The Meadows Corporation needs to raise $ 6 5 . 7 million to finance its expansion into new markets. The company will sell new shares

The Meadows Corporation needs to raise $65.7 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $57 per share and the companys underwriters charge a spread of 9.5 percent. How many shares need to be sold?

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