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Question
A best efforts IPO underwriting consisted of 2.2 million shares at an offer price of $17 a share. The underwriter's fee was set at 6.65 percent. How many shares were sold if the issuer received $31,926,260.10?A. 2,011,800 shares
B. 1,878,015 shares
C. 1,760,915 shares
D. 2,346,300 shares
E. 2,053,700 shares
Answer
This answer is hidden. It contains 63 characters.
Related questions
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