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Gravity, Inc., needs to raise $57.5 million to fund its expansion plans. The company will...

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Gravity, Inc., needs to raise $57.5 million to fund its expansion plans. The company will sell shares at a price of $29.90 in a general cash offer and the company's underwriters will charge a spread of 6.5 percent. How many shares need to be sold? Multiple Choice 2,056,767 shares 2,285,296 shares 1,805,706 shares 1,923,077 shares 1,547,748 shares

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