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Question
In a recent IPO, the Sausage Co. offered 1.4 million shares of stock at an offer price of $16 a share. The underwriting was conducted on a best efforts basis with a spread of 7.0 percent. The Sausage Co. received a total of $20,079,868.00 in sale proceeds. How many shares were sold?A. 1,349,453 shares
B. 1,486,500 shares
C. 1,498,200 shares
D. 1,505,700 shares
E. 1,508,400 shares
Answer
This answer is hidden. It contains 58 characters.
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