The valhalla corporation needs to raise 67 million to


The Valhalla Corporation needs to raise $67 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. The offer price is $65 per share and the company's underwriters charge a spread of 7 percent. If the SEC filing fee and associated administrative expenses of the offering are $750,000, how many shares need to be sold?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: The valhalla corporation needs to raise 67 million to
Reference No:- TGS02354073

Expected delivery within 24 Hours