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
Correct Answer:
Verified
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