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.
-How much money does NetChoice,Inc.receive?
A) $139,500,500.
B) $137,812,500.
C) $155,000,000.
D) $153,125,000.
Correct Answer:
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