Idle Time Gaming,Inc Has Reached a Point in Its Life

question 66

Multiple Choice

Idle Time Gaming,Inc has reached a point in its life where it needs several million dollars in order to expand and follow its strategic plan.In negotiations with the investment banker,they agree to issue 40 million shares of common stock,at $22/share.If the Investment Banker's fee for underwriting the total sale is 6.82%,what is the discounted price that the investment bank is willing to pay Idle Time for the shares?

• A)Approximately $300,000,000
• B)Approximately $820,000,000
• C)Approximately $ 880,000,000
• D)Approximately $88,000

---

Definitions:

Nondirective Question

A type of open-ended question that encourages respondents to share their thoughts and feelings without leading them in a specific direction.

Non-Directive Question

An open-ended question designed to encourage a full, meaningful answer based on the respondent's thoughts and feelings.

Approach Method

A strategy used to initially engage with a potential client, setting the tone for the sales process.

Salespeople

Individuals who sell products or services to customers, often tasked with meeting sales targets and building customer relationships.