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The Whistling Straits Corporation needs to raise $91 million to finance its expansion into new markets. The company will sell new shares of equity via
The Whistling Straits Corporation needs to raise $91 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. If the offer price is $65 per share and the companys underwriters charge a spread of 7 percent, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in dollars, not millions, rounded to the nearest whole number, e.g., 1,234,567.) |
Number of shares offered=
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