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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?
Hardy
Showing resilience and ability to cope well with life's challenges.
Stress Relievers
Activities or practices that reduce stress and promote relaxation, such as exercise, meditation, or hobbies.
Yoga
A group of physical, mental, and spiritual practices or disciplines that originated in ancient India aimed at achieving tranquility and insight.
Drinking a Glass of Wine
The act of consuming wine in moderation, which can have health benefits for some individuals when done responsibly.
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