Multiple Choice
An underwriter follows a best efforts basis to sell 2 million shares at $10 each.Such a public offering price has included a $1 spread.How much will the issuer receive if only 1.5 million shares are sold in this issue?
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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