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Home Q & A Board Other Fields Homework Help Business Finance
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Lopezj273 Lopezj273
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4 years ago
Braynerd Chemicals sells 40 million shares of stock in an SEO—35 million being primary shares issued by the company and 5 million being secondary shares sold by investors in the company. At the time of the sale, Braynerd's stock was selling at $22.50 per share.  If the underwriter charges 6% of the gross proceeds as a fee, how much money was raised in the sale?

▸ $740.25 million

▸ $553.00 million

▸ $620.85 million

▸ $846.00 million
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
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wasanwasan
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4 years ago
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Lopezj273 Author
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4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
jaray75
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This site is awesome
mikeh209
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2 hours ago
Brilliant ツ
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