A company wants to raise 10 million in equity at an, Ask an Expert

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A company wants to raise $10 million in equity at an expected offering price of $20 per share. Its investment banker will receive $1.50 for each share sold and incur expenses of $1 million. How many shares must be sold for the company to receive $10 million. Round to the nearest whole number.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M9998018

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