Bavarian Brewhouse is planning on going public.Under the underwriting agreement the underwriting discount is 7.25%.Legal and other expenses amount to $1,350,000.If the offering price of the stock is set at $12.50 per share,how many shares does the company have to issue to raise $75 million?
A) 6,108,000
B) 6,585,445
C) 6,696,429
D) 7,124,359
Correct Answer:
Verified
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