Question
c15 q10 need hep with all 7 parts Issuing securities.Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker
c15 q10 need hep with all 7 parts
Issuing securities.Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.9% commission fee. The SEC has authorized Wayne 4,860,000 shares for this issue. He plans to keep 990,000 shares for himself, hold back an additional 210,000 shares according to thegreen-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $15.44 a share. Given the bids at the auction (shown on the table here:LOADING...), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank?
How many shares does Gotham Pension get?
shares(Round to the nearest whole number.)
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