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please address parts a, b, and c On January 20 , Whalen Inc., sold 8 million shares of stock in an SEO. The market price

please address parts a, b, and c image text in transcribed
On January 20 , Whalen Inc., sold 8 million shares of stock in an SEO. The market price of Whalen at the time was $42.50 per share. Of the 8 million shares sold, 4 million shares were primary shares being sold by the company, and the remaining 4 million shares were being sold by the venture capital investors. Assume the underwriter charges 4.9% of the gross proceeds as an underwriting fee. a. How much money did Whalen raise? b. How much money did the venture capitalists receive? c. If the stock price dropped 3.3% on the announcement of the SEO and the new shares were sold at that price, how much money would Whalen recelve

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