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Calculating flotation costs the zuri co needs to raise 87

Question: Calculating Flotation Costs. The Zuri Co. needs to raise $87 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 $48 per share and the company's underwriters charge a spread of 7 percent, how many shares need to be sold?

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Finance Basics: Calculating flotation costs the zuri co needs to raise 87

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