Tanner inc needs to raise 73 million to finance its

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Tanner Inc. needs to raise $73 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?

Reference no: EM13618716

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