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The Zuri Co. needs to raise $65.2 million to finance its expansion into new markets. The company will sell new shares of equity via a
The Zuri Co. needs to raise $65.2 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 $52 per share and the companys underwriters charge a spread of 9 percent. The SEC filing fee and associated administrative expenses of the offering are $452,000. How many shares need to be sold?
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