Question: the hagelin corporation needs to raise 52 million to finance...
The Hagelin Corporation needs to raise $52 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. If
the offer price is $45 per share and the company’s underwriters
charge a spread of 7 percent, how many shares need to be sold?
(Do not round intermediate calculations and round your
answer to the nearest whole number. Enter your answer in shares,
not millions, e.g., 1,234,567.)
Number of shares offered _______ shares