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Business, 01.07.2021 18:40 Goldenstate32

Sassy, Inc. needs $115 million to build a new distribution center. If it issues common stock to raise the funds, the issuance costs will be 8 percent of the total amount issued. If Sassy can issue stock at $40 per share, how many shares of common stock must be issued so that it has $115 million after flotation costs to use to fund the construction of the distribution center

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Sassy, Inc. needs $115 million to build a new distribution center. If it issues common stock to rais...
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