An underwriter issues a firm commitment to sell 1 million shares at $20 each, including a $2 spread. How much does the issuing firm receive if only 500,000 shares are sold?

A. $9 million
B. $10 million
C. $18 million
D. $20 million

Ans: C. $18 million

Business

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A company where privatization resulted from a leveraged buyout is more interested in which of the following situations?

A) creating more jobs for the community B) generating profits and cash flow to pay down debt C) plowing money into activities that will help gain market share D) developing new products

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What is a common font with serifs?

a. Arial b. Times New Roman c. Helvetica d. Optima

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