(Answered) Runy pulp and paper has decided to raise ff20000000 through

Finance

Runy Pulp and Paper has decided to raise FF20,000,000 through a subscription of common stock. It has 2,000,000 shares of common stock currently outstanding that sell for FF120 per share. It has decided to set the subscription price at FF100 per share. How many shares must be issued to raise the desired amount of funds?

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