Multiple Choice
Aurora Metals just sold 2 million shares through an IPO offering. The shares were offered at $23.50 a share and all shares were sold. The firm received a total of $50,200,000 for this issue. What was the spread?
A) 5.49%
B) 6.24%
C) 6.40%
D) 6.81%
E) 7.01%
Correct Answer:
Verified
Correct Answer:
Verified
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