Firm x needs to net income 12800000 from the sale of common, Ask an Expert

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FIrm X needs to net income $12,800,000 from the sale of common stock. Its investment banker has informed thw firm that the retail price will be $22 per share, and that the firm will receive $18.50 per share. Out of Pocket cost are $250,000. How many shares must be sold?

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Accounting Basics, Accounting

Category:- Accounting Basics
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