marialandingin438 marialandingin438
  • 19-03-2024
  • Business
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Smith Brothers, Inc., sold 5 million shares in its IPO, at a price of $17.75 per share. Management negotiated a fee (the underwriting spread) of 10% on this transaction. What was the dollar cost of th...
a) $8,875,000
b) $89,750,000
c) $1,775,000
d) $17,750,000

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