Question: Pls use the new data to solve the problems On January 20, M trop litan inc sold 9 mil n shares o, stock in an
On January 20, M trop litan inc sold 9 mil n shares o, stock in an SE?The current market price of Metropolitan at the me was $41 00 per share of the 9 milion a. How much money did Metropolitan raise? a. How much money did Metropolitan raise? shares sold, 5 million shares were primary shares being sold by the company, and the remaining 4 million shares were being sold by the venture capital investors. Assume the u charges 5% of the gross proceeds as an underwriting fee which is shared proportionately between primary and secondary shares). did the venture capitalists receive? Metropolitan raised S 194 8 million. (Round to one decimal place) b. How much money did the venture capitalists receive? s 155.8 million. (Round to one decimal place.)
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