Use the following information to answer the question(s) below.
Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO.The IPO price has been set at $15 per share,and the underwriting spread is 6%.The IPO is a big success with investors,and the share price rises to $35 on the first day of trading.
-The market value of Wyatt Oil after the IPO is closest to:
A) $329 million.
B) $350 million.
C) $592 million.
D) $630 million.
Correct Answer:
Verified
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Luther Industries
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During the
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A)Once
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Luther Industries
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Luther Industries
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During the
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Luther Industries
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