River Valley Corp

question 94

Multiple Choice

River Valley Corp. recently went public with an initial public offering in which they received a total of $40 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $10 and the underwriter's spread was $0.50. River Valley also paid legal and other administrative costs of $750,000 for the IPO. What is the number of shares issued through this IPO?

• A) 3,925,000
• B) 4,131,579
• C) 4,075,000
• D) 4,289,474

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Definitions:

Prepuce

The fold of skin covering the glans of the penis in males and the clitoral glans in females; also known as foreskin.

Pelvic Cavity

The body cavity located in the lower abdomen, bordered by the pelvic bones, and contains reproductive organs, the bladder, and the rectum.

Membranous Urethra

A section of the urethra that runs through the urogenital diaphragm, connecting the prostatic to the spongy urethra.

Genital Papilla

A small, fleshy protrusion found in the genital area of females of certain species, including fish and amphibians, often covering the opening of the urethra or vagina.