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04-11-2022
Business

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disturbed corporation needs to raise $61.5 million to fund a new project. the company will sell shares at a price of $24.60 in a general cash offer and the company's underwriters will charge a spread of 6 percent. the direct flotation costs associated with the issue are $950,000 and the indirect costs are $535,000. how many shares need to be sold?

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