Suppose Reaping The Benefits Co. (RTB Co.) is one of the largest investment banking firms on Wall Street. Vision Stone Corp. hired RTB Co. as the underwriter for its IPO. RTB Co. has set the offering price of the share to $45 per share. The underwriters will charge a 6.2% spread. How many shares must the company sell to net $75 million, ignoring any other expenses?

Answer rating: 100% (QA)

To calculate the number of shares Vision Stone Corp must sell to net 75 million after the underwrite... View the full answer