2024 – On January 20 Metropolitan Inc sold 8 million shares of stock in an SEO The market price
Finance Question – 2024
On January 20, Metropolitan, Inc., sold 8 million shares of stock in an SEO. The market price of Metropolitan at the time was $42.50 per share. Of the 8 million shares sold, 5 million shares were primary shares being sold by the company, and the remaining 3 million shares were being sold by the venture capital investors. Assume the underwriter charges 5% of the gross proceeds as an underwriting fee.
a. How much money did Metropolitan raise?
b. How much money did the venture capitalists receive?
c. If the stock price dropped 3% on announcement of the SEO and the new shares were sold at that price, how much money would Metropolitan receive
Need assignment writing services that are 100% risk-free. Our writers are capable of providing the best assignment help to students in globally at best rates.
Assignment online is a team of top-class experts whose only goal is to give you the best assignment help service. Follow the link below to order now...
#write essay #research paper