Assume that your company successfully sold 7 million shares at a price of $2 in a SEO,
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Assume that your company successfully sold 7 million shares at a price of $2 in a SEO, including 2 million shares from existing shareholders. If the underwriter's fee is 10%, the amount of money available to your company resulting from s IPO is _____________ million. Show your calculations.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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