Recent Posts • Latest Topics • Unanswered Questions

Parafoil Avionics sells 50 million shares of stock in an SEO40 million being primary shares issued ...

Gideon123

wrote...

Go to Answer

Posts: 524

Rep:

4 years ago

Parafoil Avionics sells 50 million shares of stock in an SEO40 million being primary shares issued ...

Parafoil Avionics sells 50 million shares of stock in an SEO—40 million being primary shares issued by the company and 10 million being secondary shares sold by investors in the company. At the time of the sale, Parafoil's stock was selling at $12.50 per share. If the underwriter charges 5% of the gross proceeds as a fee, how much money did existing investors in the company net from the sale?

▸ $500 million

▸ $125 million

▸ $118.75 million

▸ $475 million

Textbook

Fundamentals of Corporate Finance

Edition: 2^nd

Authors: Berk, DeMarzo, Harford

Read 152 times

1 Reply

Report

Replies

Answer verified by a subject expert

emr21

wrote...

Posts: 373

Rep:

4 years ago

More solutions for this book are available here

Report

Related Topics

Gideon123 Author

wrote...

4 years ago

You make an excellent tutor!

halyna

wrote...

Yesterday

Correct

SlimyPencil

wrote...

2 hours ago

this is exactly what I needed

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

925 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

167

453

850

Your Opinion

Previous poll results: Who's your favorite biologist?

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.