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An investment banker agrees to a best efforts offering of 6 million shares of ABC stock The offer price is set at 174 per share If the stock is actually sold to the public at 1648 and the banker

An investment banker agrees to a best efforts offering of 6 million shares of ABC stock. The offer price is set at $17.4 per share. If the stock is actually sold to the public at $16.48 and the banker charges a 0.3 dollar commission per share sold, what is the amount of funds ABC receives? (Ignore any other fees or expenses.)

 

Aug 18 2020 View more View Less

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