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Workshop 1 Capital Budgeting Mancunian Industries sold 10 million shares of stock in an SEO. The market price of Mancunian at the time was 25
Workshop 1 Capital Budgeting
- Mancunian Industries sold 10 million shares of stock in an SEO. The market price of Mancunian at the time was 25 per share. Of the 10 million shares sold, 6 million shares were primary shares being sold by the company, and the remaining 4 million shares were being sold by venture capitalists. Mancunian's underwriters charge 5% of the gross proceeds as an underwriting fee.
- How much money did Mancunian Industries raise?
- How much money did the venture capitalists receive?
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