Multiple Choice
Game Guys, Inc., needs several million dollars to expand and follow its strategic plan. In negotiations with the investment banker, they agree to issue 50 million shares of common stock, at $25/share. If the investment banker's fee for underwriting the total sale is 5.82%, what is the discounted price that the investment bank is willing to pay Game Guys for the shares?
A) around $120,000,000
B) around $1,200,000,000
C) around $140,000,000
D) around $14,000
Correct Answer:
Verified
Correct Answer:
Verified
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