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Question
Megan Stanlee, an investment bank, agrees to a best efforts offering of 2.5 million shares of Macrohard Computer stock. The offer price is set at $35 per share. There are no other fees or expenses. If the stock is actually sold to the public at $34.50 and the banker charges a 3.45 cent commission per share sold, what is the amount of funds that Macrohard Computer receives?a. $88,750,000
b. $87,500,000
c. $86,163,750
d. $85,176,430
e. $84,122,560
Answer
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