Floral bouquet needs to raise 21 million to expand its, Financial Management

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Floral bouquet needs to raise 21 million to expand its

Floral Bouquet needs to raise $21 million to expand its operations nationally. The company will sell new shares of common stock using a general cash offering. The underwriters charge an 8 percent spread. The administrative costs are estimated at $480,000. How many shares of stock must be sold if the offer price is $22 a share?

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Financial Management: Floral bouquet needs to raise 21 million to expand its

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Financial Management: Floral bouquet needs to raise 21 million to expand its

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