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Husker's Tuxedo's, Inc. needs to raise $268 million to finance its plan for nationwide expansion. In discussions with its investment bank, Husker's learns that the bankers recommend an offer price (or gross price) of $35 per share and they will charge an underwriter's spread of $2.65 per share.
Calculate the net proceeds per share to Husker's from the sale of stock. (Round your answer to 2 decimal places.)
How many shares of stock will Husker's need to sell in order to receive the $268 million needed? (Round your final answer to the nearest whole number.)
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