Mountain Teas wants to raise $14.9 million to open a new production facility. The company estimates the issue costs for legal and accounting fees will be $582,000. The underwriters have set the stock price at $27.50 a share and the underwriting spread at 8.15 percent. How many shares of stock must be sold to meet this cash need?
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Home » Business » Mountain Teas wants to raise $14.9 million to open a new production facility. The company estimates the issue costs for legal and accounting fees will be $582,000. The underwriters have set the stock price at $27.