Answer:
The Whistling Straits Corporation needs 1,498,000 shares to be sold to raise $91 million.
Explanation:
Total Finance Needed = $91,000,000
Offer price per share = $65 per share
Charges of underwriter = 7%
Total Number of shares needed to be sold = ( $91,000,000 / $65 ) x 107%
Total Number of shares needed to be sold = 1,400,000 x 107%
Total Number of shares needed to be sold = 1,498,000 shares
The Whistling Straits Corporation needs 1,498,000 shares to raise $91 million.
