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How many shares does the company have to sell

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Question - The BrightStar Corporation, a solar cell maker, is planning an expansion and needs to raise $22 million to finance it. Management plans to raise the money through a general cash offering priced at $18.50 a share to the public. BrightStar's underwriters charge a 6.50 percent spread. How many shares does the company have to sell to raise the $22 million?

Reference no: EM132956897

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