Computer Technology Corp

question 115

Multiple Choice

Computer Technology Corp. recently went public with an initial public offering of 7 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $8.35 per share and the underwriter's spread was 7 percent of the gross proceeds. Computer Technology also paid legal and other administrative costs of $300,000 for the IPO. Calculate the gross proceeds per share received by Computer Technology from the sale of the 7 million shares of stock.

• A) $8.35
• B) $8.39
• C) $8.98
• D) $9.02

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Definitions:

Frequency Polygon

A graphical representation of the distribution of numerical data, where a continuous line connects points representing the frequency of scores within intervals.

Scales of Measurement

Refers to the methods used to categorize and quantify variables in research and statistics, such as nominal, ordinal, interval, and ratio scales.

Assessment Instruments

Tools or methods used to evaluate or measure specific skills, abilities, or characteristics in individuals.

Counselors

Professionals trained to provide guidance and support in personal, social, or psychological matters.