Question
BBB Ltd issues an IPO. The company's investment bank demands a spread of 5 per cent of the offer price , which is set at
BBB Ltd issues an IPO. The company's investment bank demands a spread of 5 per cent of theoffer price, which is set at $5 per share. 3 million shares are issued. What are the proceeds for the issuer (in millions of dollars to the nearest three decimal places)?
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
