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Glasses, Etc. is offering 100,000 shares of common stock to the public in an initial public offering (IPO). The underwriters agree to pay $18 a
Glasses, Etc. is offering 100,000 shares of common stock to the public in an initial public offering (IPO). The underwriters agree to pay $18 a share and to provide their services in a best efforts underwriting. The offer price is set at $19.50. The underwriters sell a total of 91,700 shares to the general public. How much cash did Glasses, Etc. receive from its IPO?
Question 4 options:
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$1,720,500
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$1,800,000
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$1,650,600
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$1,788,150
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$1,950,000 |
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