Multiple Choice
Highlander Homes stock trades at $34 per share and there are 50 million shares outstanding. The management would like to raise $200 million in an SEO. If the underwriter charges 6% of gross proceeds, how many shares must it sell?
A) 5.32 million
B) 5.63 million
C) 5.94 million
D) 6.26 million
Correct Answer:
Verified
Correct Answer:
Verified
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