Question
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 3 million shares of common stock, and the
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 3 million shares of common stock, and the underwriting fees were $3.77 per share. The offering price was $30.00 per share.
What were the total proceeds from the common stock sale?
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The Routledge Companion To Auditing
Authors: David Hay, W. Robert Knechel, Marleen Willekens
1st Edition
1138363081, 978-1138363083
