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Business, 04.04.2020 08:30 syd6702

Disturbed Corp. needs to raise $56.5 million to fund a new project. The company will sell shares at a price of $23.60 in a general cash offer and the company's underwriters will charge a spread of 7 percent. The direct flotation costs associated with the issue are $700,000 and the indirect costs are $435,000. How many shares need to be sold

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