The huang corporation needs to raise 82 million to finance, Financial Management

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The huang corporation needs to raise 82 million to finance

The Huang Corporation needs to raise $82 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 $60 per share and the company’s underwriters charge a spread of 6 percent,

how many shares need to be sold?

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Financial Management: The huang corporation needs to raise 82 million to finance

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Financial Management: The huang corporation needs to raise 82 million to finance

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