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The Boat Works decided to go public by offering a total of 142,000 shares of common stock to the public. The company hired an underwriter
The Boat Works decided to go public by offering a total of 142,000 shares of common stock to the public. The company hired an underwriter who arranged a firm commitment underwriting and an initial selling price of $25 a share with a spread of 6.4 percent. As it turned out, the underwriters only sold 102,900 shares to the public. What is the amount paid to the issuer? $3,227,280 $3,322.800 $2,877,114 $3,792,735 $2,477,385
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