TV Technology Corp

question 46

Multiple Choice

TV Technology Corp. recently went public with an initial public offering of 1.5 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $24.50 per share and the underwriter's spread was 5 percent of the gross proceeds. TV Technology also paid legal and other administrative costs of $300,000 for the IPO. Calculate the gross proceeds per share received by TV Technology from the sale of the 1.5 million shares of stock.

• A) $24.50
• B) $24.70
• C) $25.79
• D) $26.00

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Definitions:

Passive Euthanasia

The withholding or withdrawal of life-sustaining treatments, allowing a patient to die naturally, used often in cases of terminal illness.

DNR Order

A legal document, Do Not Resuscitate, instructing healthcare providers not to perform CPR in the event of cardiac arrest.

Deep Unconsciousness

A state of minimal to no consciousness in which an individual is not responsive to their environment and lacks awareness of themselves and others.

Vegetative State

A condition in which a person is awake but shows no signs of awareness due to severe brain injury.