A company is planning an IPO. Its underwriters have said the stock will sell at $50 per
Question:
A company is planning an IPO. Its underwriters have said the stock will sell at $50 per share. The underwriters will charge a 7%
spread. How many shares must the company sell to net $93 million, ignoring any other expenses?
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Related Book For 
Intermediate Financial Management
ISBN: 9781337395083
13th Edition
Authors: Eugene F. Brigham, Phillip R. Daves
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