Question
A company is planning an IPO of 10 million shares. Each share is expected to sell at $10 per share. The underwriterswill charge an 8%
A company is planning an IPO of 10 million shares. Each share is expected to sell at $10 per share. The underwriterswill charge an 8% spread and incur expenses of $500,000. How much will the company receive if all shares sell at theexpected price?
| $91,450,000 |
| $92,000,000 |
| $100,000,000 |
| $91,500,000 |
| none of the above |
please show all of your work
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
