What is the dollar size of the issue

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D.Butler Inc. needs to raise $14 million. Assuming that the market price of the firm's stock is $95, and the flotation costs are 10 percent of the market price, how many shares would have to be issued? What is the dollar size of the issue? Summarize your analysis in a concise management statement not to exceed 100 words.

Reference no: EM13301393

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