How many shares must it sell in the total primary and


Highlander Homes stock trades at $33 per share and there are 50 million shares outstanding. The management would like to raise $200 million in an? SEO, and current investors would like to sell $100 million of their own stock. If the underwriter charges 6?% of gross? proceeds, how many shares must it sell in the total? (primary and? secondary) offering?

A. 9.67 million

B. 7.74 million

C. 7.25 million

D. 9.19 million

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Financial Management: How many shares must it sell in the total primary and
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