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.If the company issues 1,000,000 shares,what are the net proceeds of the IPO?
A) $13,500,000
B) $15,000,000
C) $12,600,000
D) $10,500,000
Correct Answer:
Verified
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Smith Enterprises 2
Smith Enterprises
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Smith Enterprises
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