Wear ever is expanding and needs $6.8 million to fund this growth. the company estimates it can sell new shares of stock for $43 a share. it also estimates it will cost an additional $352,000 for filing and legal fees related to the stock issue. the underwriters have agreed to a spread of 7.5 percent. how many shares of stock must be sold for the company to fund its expansion?

179,811 shares

Explanation:

Given that,

Price of each share = $43

Amount needed for expansion = $6.8 million

Cost incurred for  filing and legal fees = $352000

Underwriters have agreed to a spread of 7.5 percent

Now,

Net price after the underwriter spread = $43 × ( 1 - 7.5%)

= $39.775

Total capital needed = Fund needed for growth + Legal and filing fees

= $6,800,000 + $352,000

= $7,152,000

Number of shares sold =

= 179,811 shares

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answer; ///after donning a gown, mask and eyewear;