The huang corporation needs to raise 66 million to finance, Ask an Expert

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The Huang Corporation needs to raise $66 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. The offer price is $65per share and the company's underwriters charge a spread of 6 percent. If the SEC filing fee and associated administrative expenses of the offering are $925,000, how many shares need to be sold?

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