Finance its expansion into new markets

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Reference no: EM131558527

The Valhalla Corporation needs to raise $67 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. The offer price is $65 per share and the company's underwriters charge a spread of 7 percent. If the SEC filing fee and associated administrative expenses of the offering are $750,000, how many shares need to be sold?

Reference no: EM131558527

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