Common stock to raise funds to finance future growth

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Reference no: EM131012448

Global gum company (GGC) has decided to issue $150 million in common stock to raise funds to finance future growth. GGC's stock currently sells for $25 per share.

a)How many shares does GGC plan to issue? b) If flotation costs are 8 percent, how much of the $150 million will GGC be able to use to fund growth?

Reference no: EM131012448

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