Nuance, Inc., is offering 200,000 shares of stock to the public in a general cash offer. The
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Question:
Nuance, Inc., is offering 200,000 shares of stock to the public in a general cash offer. The offer price is $16 per share, and the underwriter's spread is 8.5 percent. The administrative costs are estimated at $250,000. How much will the company net from this stock offering assuming the issue is completely sold?
Multiple Choice
- $3,200,000
- $2,678,000
- $2,950,000
- $2,699,250
- $2,928,000
Expert Answer:
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