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The Elkmont Corporation needs to raise $52.7 million to finance its expansion into new markets....

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Accounting

The Elkmont Corporation needs to raise $52.7 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. The offer price is $43 per share and the companys underwriters charge a spread of 9.5 percent. The SEC filing fee and associated administrative expenses of the offering are $1,467,000. How many shares need to be sold

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