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Winston Sporting Goods is considering a public offering ofcommon stock. Its investment banker has informed the company thatthe retail price will be $17.80 per share for 660,000 shares. Thecompany will receive $16.40 per share and will incur $220,000 inregistration, accounting, and printing fees.a-1. What is the spread on this issue inpercentage terms? (Do not round intermediate calculations.Enter your answer as a percent rounded to 2 decimal places.) a-2. What are the total expenses of the issueas a percentage of total value (at retail)? (Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places.) b. If the firm wanted to net $14.54 millionfrom this issue, how many shares must be sold? (Do notround intermediate calculations. Enter your answer rounded to thenearest whole number.)