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Author Question: Parafoil Avionics sells 50 million shares of stock in an SEO40 million being primary shares issued ... (Read 149 times)

clippers!

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on: Jul 9, 2019
Parafoil Avionics sells 50 million shares of stock in an SEO—40 million being primary shares issued by the company and 10 million being secondary shares sold by investors in the company. At the time of the sale, Parafoil's stock was selling at $12.50 per share.  If the underwriter charges 5% of the gross proceeds as a fee, how much money did existing investors in the company net from the sale?
◦ $500 million
◦ $125 million
◦ $118.75 million
◦ $475 million
Fundamentals of Corporate Finance ¦ Berk, DeMarzo, Harford ¦ 2nd Edition
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Marked as best answer by clippers! on Jul 9, 2019

mmpiza

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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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clippers!

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Reply #2 on: Jul 9, 2019
Excellent


mmpiza

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Reply #3 on: Jul 9, 2019
Great! Please up vote :D


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