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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 selling price is $30 per share with Dixon Corp. receiving $26.25 per share after the offering. Registration fees are estimated at $275,000. 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?

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