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

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Definitions:

Mutual Masturbation

A sexual activity involving two or more individuals who stimulate their own genitals, often simultaneously, to achieve sexual pleasure.

Birth Control Pills

Hormonal medications taken orally by women to prevent ovulation and thereby avoid pregnancy.

Abstinence

The practice of refraining from some or all aspects of sexual activity for medical, psychological, legal, social, financial, philosophical, or religious reasons.

Condoms

Barrier forms of contraception made of latex, polyurethane, or lambskin that cover the penis during sexual activity to prevent pregnancy and reduce the risk of sexually transmitted infections.