Highlander Homes stock trades at $35 per share and there are 50 million shares outstanding. The management would like to raise $300 million in an SEO
If the underwriter charges 5% of gross proceeds, and all the shares are primary shares sold to new investors, what percentage of the company will be owned by the new investors?
A) 12.99%
B) 13.76%
C) 14.52%
D) 15.29%
Answer: D
Business
You might also like to view...
In the Olympic organizational structure National Governing Bodies (NGBs) report directly to
A. National Olympic Committees (NOCs). B. International Federations (IFs). C. Organizing Committees for the Olympic Games (OCOGs). D. National Olympic Committees (NOCs) and International Federations (IFs). E. All of these are correct.
Business
If Greenacre is deeded by Person L to Person M for the life of Person N, Person N has
a. a life estate. b. an estate in remainder. c. an estate in reversion. d. no interest
Business