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Question
An investment banker agrees to underwrite an issue of 5 million shares of stock for NetChoice, Inc. on a best-efforts basis. The investment banker is able to sell 4.5 million shares for $31.00 per share and it charges NetChoice, Inc. $0.375 per share sold.
If the investment bank sells 4.5 million shares for $29 per share, how much money does NetChoice, Inc. receive?
A. $145,000,000.
B. $130,500,000.
C. $143,125,000.
D. $128,812,500.
E. $115,762,500.
Answer
This answer is hidden. It contains 104 characters.
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