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Reindeer Farm Equipment needs to raise $4.3 million for expansion, and it expects to sell new shares of stock. The $2-par value shares are currently
Reindeer Farm Equipment needs to raise $4.3 million for expansion, and it expects to sell new shares of stock. The $2-par value shares are currently selling for $65 on the stock market. How many shares of stock would the firm have to sell to raise the needed fund? Ignore the costs of issuing stock (round your answer to the nearest whole number)
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