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Author Question: Convex Incorporated sells 10 million shares of stock in an SEO6 million being primary shares issued ... (Read 121 times)

dalyningkenk

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on: Jul 9, 2019
Convex Incorporated sells 10 million shares of stock in an SEO—6 million being primary shares issued by the company and 4 million being secondary shares sold by investors in the company. At the time of the sale, Convex's stock was selling at $8.00 per share.  If the underwriter charges 6% of the gross proceeds as a fee, how much money was raised in the sale?
◦ $48.00 million
◦ $75.20 million
◦ $45.12 million
◦ $36.25 million
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by dalyningkenk on Jul 9, 2019

nmyers

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Reply #1 on: Jul 9, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dalyningkenk

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Reply 2 on: Jul 9, 2019
Excellent

sultana.d

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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