A newly incorporated company issues 1,000,000 shares of stock and the entrepreneur takes 100,000 shares and sells the rest to the public at $10 a share.How much does that raise for the company?
A) $10,000,000
B) $9,000,000
C) $100,000
D) $90,000
E) $10
Correct Answer:
Verified
Q137: An entrepreneur is the residual claimant,which implies
Q138: An initial public offering is _
A)the first
Q139: The initial sale of stock to the
Q140: Inventors are considered entrepreneurs if_
A)they own stocks
Q142: An IOU reflecting a corporation's promise to
Q143: A newly incorporated company issues 1,000,000 shares
Q144: One reason investors may prefer bonds over
Q145: If you hold a bond at a
Q146: If you hold a bond at a
Q176: Corporations can obtain investment funds by
A)buying government
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents