Chapter 15. Question 8. 1-7 Part Question.

Homework: Chapter 15 Homework Question 8, P15-15 (similar to) Part 1 of 7 HW Score: 0%, 0 of 10 points O Points: 0 of 1 Save Issuing securities. Bruce Wayne is going public with his new business Berkman Investment Bank will be his banker and is doing a best efforts sale with a 4.4% commission fee. The SEC has authorized Wayne 5 220,000 shares for this issue. He plans to keep 1,210,000 shares for himself, hold back an additional 180,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 510,000 shares and sell the remaining shares at $16 39 a share Given the bids at the auction (shown on the table here distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? shares (Round to the nearest whole number) Data table - X Click on the following Icon in order to paste this table's content into a spreadsheet Bidder Quantity Bid Gotham Pension Fund 1,830,000 Clark Kent Investors 1,500,000 Central City Insurance 660,000 Arthur Curry 360,000 Barry Allen 300.000 Total 4,650,000 Get more