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Nunavut Mining Company Stock Trades at $3

Question 72

Multiple Choice

Nunavut Mining Company stock trades at $3.25 per share and there are 46 million shares outstanding.The management would like to raise $50 million in an SEO.If the underwriter charges 6% of gross proceeds,how many shares must it sell?


A) 15.4 million
B) 16.4 million
C) 14.5 million
D) 16.3 million
E) 14.7 million

Correct Answer:

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