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Posts: 228
2 months ago
Convex Incorporated sells 10 million shares of stock in an SEO—6 million being primary shares issued by the company and 4 million being secondary shares sold by investors in the company. At the time of the sale, Convex's stock was selling at $8.00 per share.  If the underwriter charges 6% of the gross proceeds as a fee, how much money was raised in the sale?

▸ $48.00 million

▸ $75.20 million

▸ $45.12 million

▸ $36.25 million
Textbook 

Fundamentals of Corporate Finance


Edition: 2nd
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2 months ago
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$45.12 million
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This calls for a celebration Person Raising Both Hands in Celebration
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