Question
Another company wants to sell 2.5 million shares of stock to the public using a best efforts offering.The actual sale price to the public is
Another company wants to sell 2.5 million shares of stock to the public using a best efforts offering.The actual sale price to the public is $15 and the investment bank charges 5 cents per share sold as commission. Assume that only 1.85 million shares can be sold.What are the proceeds to the company from the sale of stock?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
