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Firm X needs to net $12,800,000 from the sale of common stock. Its investment banker has informed the firm that the retail price will be $22 per share, and that Firm X will receive $18.50 per share. Out-of-pocket costs are $250,000. How many shares must be sold to achieve the desired net to the issuing firm? (Round up answer to nearest whole number)
Dissociative Groups
Groups that individuals do not want to associate with; membership in these groups is typically considered undesirable by non-members.
Membership Groups
Groups or organizations that individuals join to receive certain benefits, share common interests, or achieve collective goals.
Callaway Golf Clubs
A brand of golf clubs known for advanced technology and superior performance.
Relative Reference Group
A group of individuals that an person compares themselves to for the purpose of evaluating their own behaviors, attitudes, or beliefs.
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