Multiple Choice
With a firm commitment underwriting,an investment bank agrees to sell 2 million shares to the public at $10 per share with a spread of $1.How much does the issuing company receive if only 1.5 million shares are sold?
A) $20.0 million
B) $18.0 million
C) $15.0 million
D) $13.5 million
Correct Answer:
Verified
Correct Answer:
Verified
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