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Business, 12.08.2020 05:01 mlrood2013oy11gv

Disturbed Corp. needs to raise $57 million to fund a new project. The company will sell shares at a price of $23.70 in a general cash offer and the company's underwriters will charge a spread of 7.5 percent. The direct flotation costs associated with the issue are $725,000 and the indirect costs are $445,000. How many shares need to be sold?

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Disturbed Corp. needs to raise $57 million to fund a new project. The company will sell shares at a...

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