Question
Assume that your company successfully sold 7 million shares at a price of $2 in a SEO, including 2 million shares from existing shareholders. If
Assume that your company successfully sold 7 million shares at a price of $2 in a SEO, including 2 million shares from existing shareholders. If the underwriter's fee is 10%, the amount of money available to your company resulting from s IPO is _____________ million. Show your calculations.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
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