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BUS 401 Week 4 Assignment Flotation Costs and Issue Size (D. Butler Inc)

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(Flotation cost and issue size) D. Butler Inc. needs to raise 14 million. Assuming that the market price of the firm's stock is $95, and flotation cost are 10% of the market price, how many shares would have to be issued? and what is the dollar size of the issue?

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*** 401 **** 4 ********** ********* Costs *** ***** Size ** ****** ****

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