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QUESTION
BE games needs 20 million to finance their latest venture. The company plans to fund this project by issuing new shares of common stock at a market...
BE games needs 20 million to finance their latest venture. The company plans to fund this project by issuing new shares of common stock at a market price of 35 $/ per share. The direct issuing costs are $ 850,000, and the underwriting spread is 4%. How many shares must be issue to fully fund their venture ?
