Question: When a firm issues equity through an underwriter, the net amount raised by the firm is the umount the investor pays per share multiplied by

When a firm issues equity through an underwriter, the net amount raised by the firm is the umount the investor pays per share multiplied by the number of shares sold, less the firm's lirect costs for legal, accounting, and similar expenses.

lect one:

True

Fatse

When a firm issues equity through an underwriter,

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