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please answer parts A, B, and C On January 20, Sullivan Inc., sold 9 million shares of stock in an SEO. The market price of

please answer parts A, B, and C
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On January 20, Sullivan Inc., sold 9 million shares of stock in an SEO. The market price of Sullivan at the time was $40.00 per share. Of the 9 million shares sold, 5 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 4.8% of the gross proceeds as an underwriting fee. a. How much money did Sullivan raise? b. How much money did the venture capitalists receive? c. If the stock price dropped 3.6% on the announcement of the SEO and the new shares were sold at that price, how much money would Sullivan receive

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