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Izzy Incorporated sells 10 million shares of stock in an SEO-8 million being primary shares issued by the company and 2 million being secondary shares
Izzy Incorporated sells 10 million shares of stock in an SEO-8 million being primary shares issued by the company and 2 million being secondary shares sold by investors in the company. At the time of the sale, Izzy's stock was selling at $8.50. If the underwriter charges 3.65% of the gross proceeds as a fee, how much money was raised in the sale? $61.44 million $68.30 million $64.51 million O $65.52 million
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