In September 2005, Google raised more than $4 billion by selling additional shares of common stock at $295 per share when its stock was trading at around $303 per share. Morgan Stanley and Goldman Sachs were hired as underwriters for the deal. The previous case is an example of: O Private placement O Shelf registration O Public cash offering A firm decides to raise capital and has made a preliminary decision to sell a block of securities to the entity that makes the highest offer. This procedure is referred to as a competitive bidding Consider the case of Fuzzy Button Clothing Company's public cash offering. Hurray Bank was the underwriter in the deal. Hurray Bank sold 1,500,000 shares to the public at $24.00 per share. Fuzzy Button received $34,200,000 from the public offering. Hurray Bank's underwriting spread in this deal was In general, underwriters receive lower spreads for which of the following? O Negotiated industrial offers o Competitively bid utility issues