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 percent
B) 6.24 percent
C) 6.40 percent
D) 6.81 percent
E) 7.01 percent
Correct Answer:
Verified
Correct Answer:
Verified
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