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Wesfarmers Needs to Raise $720 Million for an Expansion and Approaches

Question 20

Multiple Choice

Wesfarmers needs to raise $720 million for an expansion and approaches an investment banker. If the issue is 480,000 bonds and it raises $840 million on a stand-by basis, what is the underwriter's per share compensation?


A) $120
B) $140
C) $240
D) $250

Correct Answer:

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