The direct issuing costs are 850000 and the underwriting


BE games needs 20 million to finance their latest venture. The company plans to fund this project by issuing new shares of common stock at a market price of 35 $/ per share. The direct issuing costs are $ 850,000, and the underwriting spread is 4%. How many shares must be issue to fully fund their venture?

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Business Economics: The direct issuing costs are 850000 and the underwriting
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