Business
Business, 12.02.2020 02:20, mak92

The Whistling Straits Corporation needs to raise $91 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 $65 per share and the company’s underwriters charge a spread of 7 percent, how many shares need to be sold?

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Answers: 3

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