Multiple Choice
Berkley Corp just sold 2.7 million shares through an IPO offering. The shares were offered at $11.75 a share and all shares were sold. The firm received a total of $33,300,000 for this issue. What was the spread?
A) 4.96%
B) 5.50%
C) 6.40%
D) 7.00%
E) 7.12%
Correct Answer:
Verified
Correct Answer:
Verified
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