The St. Anger Corporation needs to raise \$25 million to finance its expansion into new markets. The company will sell new shares of equity via an IPO to raise the needed funds. a. If the offer price is $35 per share and the company's underwriters charge an 8 percent spread, what is the number of shares that needs to be sold? b. If the offer price is $35 per share and the closing price on the first trading day is $60, what is the magnitude of IPO underpricing