how much money did the company receive before paying is portion of direct cost how much did the existing shareholders receive from the sale of their share before paying their portion of direct cost if issued has been sold to the underwriter a $32 a share how many shares would the company receive need to sell to raise how much better would the existing shareholders have been if they use had been sold to the underwriter for $32 a share

When Microsoft went public, the company sold 3 million new shares the primary issue). In addition, existing shareholders sold 08 million shares the secondary issue) and kept 215 million shares. The new shares were offered to the public at $23, and the underwriters received a spread of $171 a share. At the end of the first day's trading the market price was $37 a share a. How much money did the company receive before paying its portion of the direct costs? (Do not round intermediate calculations, Enter your answer in millions rounded to 2 decimal places.) b. How much did the existing shareholders receive from the sale of their shares before paying their portion of the direct costs? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) c. If the issue had been sold to the underwriters for $32 a share, how many shares would the company have needed to sell to raise the same amount of cash? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) d. How much better off would the existing shareholders have been if the issue had been sold to the underwriters for $32 a share? Do not round Intermediate calculations. Enter your answer in millions rounded to 3 decimal places.) D Amount received Amount received Number of shares Gain to shareholders C. milion milion