In its IPO, Jillian's Imprints, a small publishing house, offered stock at a price of $10.00 per share. The underwriters of this IPO had a spread of 6.5% per share. If 2 million shares were sold, what funds did Jillian's receive from the IPO?
A) $5.61 million
B) $18.70 million
C) $20.57 million
D) $22.44 million
Answer: B
Business
You might also like to view...
One of the goals of the ________ was to create a uniform external tariff to be applied to all nonmembers
A) World Trade Organization B) European Union C) North American Free Trade Agreement D) Organization for Economic Cooperation and Development
Business
Work sampling estimates the percent of time that a worker spends on various tasks
Indicate whether the statement is true or false
Business