Multiple Choice
Regina Respiratory Devices stock trades at $21 per share and there are 14 million shares outstanding.The management would like to raise $80 million in an SEO.If the underwriter charges 5% of gross proceeds,how many shares must it sell?
A) 3.6 million
B) 3.8 million
C) 4 million
D) 4.5 million
E) 3.4 million
Correct Answer:
Verified
Correct Answer:
Verified
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