A well-seasoned issuer is a firm that either has at least $100 million public worldwide common equity float held by nonaffiliated, OR has issued an aggregate of at least $100 million of registered non-convertible debt securities in the past three years

The ________ is the market of first sale in which companies first sell their authorized shares to the public

A) primary market B) secondary market C) both primary and secondary markets D) Nasdaq market

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%