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The Stone Castle Corporation, designer and marketer of swim apparel, is planning an expansion into foreign markets and needs to raise $17,586,000 to finance this
The Stone Castle Corporation, designer and marketer of swim apparel, is planning an expansion into foreign markets and needs to raise $17,586,000 to finance this move. Management plans to raise the money through a general cash offering for $17.43 a share. If the underwriters charge a 5.7 percent spread, how many shares will the company have to sell to achieve its goal?
Round the answer to two decimals.
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