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.If the company raised $9,000,000,how much did each share sell for at the IPO?
A) $10
B) $9
C) $10,000,000
D) $9,000,000
E) $1,000,000
Correct Answer:
Verified
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