Business, 12.02.2020 00:51, weeman6546

Global Traders is offering 130,000 shares of stock to the public in a general cash offer. The offer price is $38 a share and the underwriter's spread is 8 percent. The administrative costs are estimated at $865,000. How much will Global Traders receive from this stock offering as net proceeds assuming the issue is completely sold?

a. $3,370,800
b. $3,679,800
c. $4,490,000
d. $4,075,000
e. $3,828,400

Answers: 1

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Global Traders is offering 130,000 shares of stock to the public in a general cash offer. The offer...