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NARRBEGIN: Smith Enterprises 2

Question 24

Multiple Choice

NARRBEGIN: Smith Enterprises 2
Smith Enterprises 2
Smith Enterprises wants to conduct an IPO.The offering price of the stock is $15,the underwriter's discount is 6% and legal and other expenses are estimated to be $1,500,000.
-Refer to Smith Enterprises 2.What are the net proceeds per share?


A) $15
B) $16
C) $14.10
D) $17.20

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