Question 3 In an IPO, which of the following expressions represents the fraction of ownership retained by the original owner? a) E,+Sy(NPV - IC) E. + NPV-IC + F b) E,+ (1-S.) (NPV - IC) E. + NPV - IC + FM E,+S, (NPV - IC) E,+ NPV - IC + FN 1 Fv+Sy*(NPV - IC) (V. - D.)+Fx + NPV - IC Fv+ (1-S.) (NPV - IC) (V. - D.)+Fx + NPV - IC Fy+ (1-S)*(NPV IC) (V-D.)+Fx + NPV - IC f) Question 3 In an IPO, which of the following expressions represents the fraction of ownership retained by the original owner? a) E,+Sy(NPV - IC) E. + NPV-IC + F b) E,+ (1-S.) (NPV - IC) E. + NPV - IC + FM E,+S, (NPV - IC) E,+ NPV - IC + FN 1 Fv+Sy*(NPV - IC) (V. - D.)+Fx + NPV - IC Fv+ (1-S.) (NPV - IC) (V. - D.)+Fx + NPV - IC Fy+ (1-S)*(NPV IC) (V-D.)+Fx + NPV - IC f)