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BB Bank intends to issue 2 million shares of common stock. The bank's investment dealer has offered two alternatives: Plan A: A best efforts offering
BB Bank intends to issue 2 million shares of common stock. The bank's investment dealer has offered two alternatives:
- Plan A: A best efforts offering at $16 per share to an underwriting commission of 2% of the expected proceeds plus $300,000. The Investment dealer firm expects 93% of the issue will be sold.
- Plan B: An underwritten offer at $15.50 per share plus an underwriting fee of 7% of the gross proceeds
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
