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How many shares does Gotham Pension Get? (Round to the nearest whole number) How many shares does Clark Kent get? (round to the nearest whole
How many shares does Gotham Pension Get? (Round to the nearest whole number)
How many shares does Clark Kent get? (round to the nearest whole number)
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What is the total cash flow to Wayne after the sale?Round to the nearest dollar
What is the total cash flow to Berkman investment bank after the sale? Round to the nearest dollar
Score: 0 of 1 pt 10 of 12 (7 complete) HW Score: 27.78%, 3.33 of 12 pts X P15-15 (similar to) A Question Help 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 3.8% commission fee. The SEC has authorized Wayne 4,980,000 shares for this issue. He plans to keep 970,000 shares for himself, hold back an additional 220,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 540,000 shares, and sell the remaining shares at $15.91 a share. Given the bids at the auction (shown on the table here: 5), 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? Bidder Gotham Pension Fund Clark Kent Investors Central City Insurance Arthur Curry Barry Allen Total Quantity Bid 1,980,000 1,170,000 690,000 450,000 320,000 4,610,000 Score: 0 of 1 pt 10 of 12 (7 complete) HW Score: 27.78%, 3.33 of 12 pts X P15-15 (similar to) A Question Help 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 3.8% commission fee. The SEC has authorized Wayne 4,980,000 shares for this issue. He plans to keep 970,000 shares for himself, hold back an additional 220,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 540,000 shares, and sell the remaining shares at $15.91 a share. Given the bids at the auction (shown on the table here: 5), 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? Bidder Gotham Pension Fund Clark Kent Investors Central City Insurance Arthur Curry Barry Allen Total Quantity Bid 1,980,000 1,170,000 690,000 450,000 320,000 4,610,000Step by Step Solution
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