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schweet schweet
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A year ago
An underwriter follows a best efforts basis to sell 2 million shares at $10 each. Such a public offering price has included a $1 spread. How much will the issuer receive if only 1.5 million shares are sold in this issue? Assume no other costs in this share issue.


$20.0 million



$18.0 million



$15.0 million



$13.5 million

Textbook 
 Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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brassgodbrassgod
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A year ago
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