Question
An organization is going to do a prepared contribution and has been offered two elective decisions to raise the assets: a) The venture vendor will
An organization is going to do a prepared contribution and has been offered two elective decisions to raise the assets:
a) The venture vendor will endorse an issue of 1,000,000 offers on a strong responsibility premise at $14 per offer and charge a commission of 6.5% of the gross deals, or
b) The venture seller will acknowledge the protections on a "best endeavors" premise at a cost of $15 per share. Despite the number of offers given, the commission will be $950,000.
What number of offers would need to be sold under the "best endeavors" choice to yield similar returns to the organization as they would get under the strong responsibility choice? Show every one of your computations
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