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Dixon Corporation is considering a public offering of common stock. The firm will offer one million shares of common stock for sale. The estimated...

Dixon Corporation is considering a public offering of common stock.  The firm will offer one million shares of common stock for sale.  The estimated selling price is $30 per share with Dixon Corp. receiving $26.25 per share after the offering.  Registration fees are estimated at $275,000.  
Use this information to answer the following:
What is the spread in percent?
What are the total expenses for the issue?
If Dixon Corp needs to generate $28 million, how many shares will have to be sold?

This question was asked on Apr 19, 2010.

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