How many shares need to be sold

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Reference no: EM131835691

The Hagelin Corporation needs to raise $50 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. If the offer price is $20 per share and the company’s underwriters charge a spread of 6 percent, how many shares need to be sold?

Reference no: EM131835691

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