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Highlander Homes stock trades at $35 per share and there are 50 million shares outstanding. The management would like to raise $300 million in an
Highlander Homes stock trades at $35 per share and there are 50 million shares outstanding. The management would like to raise $300 million in an SEO. If the underwriter charges 5% of gross proceeds, and all the shares are primary shares sold to new investors, what percentage of the company will be owned by the new investors? 13.76% O 12.99% O 14.52% 15.29%
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