Business, 05.05.2020 07:27 markthecow
Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the time was $37.50. Of the 10 million shares sold, 4 million shares were primary shares sold by the company, and the remaining 6 million shares were being sold by the venture capital investors. Assume the underwriter charges 4% of the gross proceeds as an underwriting fee which is shared proportionately between the primary and secondary shares.
Required:
1. The amount of money raised by Nielson Motors is closest to .
Group of answer choices:a. $144 millionb. $150 millionc. $216 milliond. $219 million
Answers: 1
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Nielson Motors sold 10 million shares of stock in an SEO. The market price of Nielson's stock at the...
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