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Pawprints Paint recently went public in a best efforts offering. The company offered 185,000 shares of stock for sale at an offer price of $31
Pawprints Paint recently went public in a best efforts offering. The company offered 185,000 shares of stock for sale at an offer price of $31 per share. The administrative costs associated with the offering were $467,235 and the underwriter's spread was 5.75 percent. After completing their sales efforts, the underwriters determined that they sold a total of 178,700 shares. What were the net proceeds to the company? Group of answer choices $4,159,301 $4,330,125 $3,744,301 $4,753,932 $4,574,301
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