TV Technology Corp

question 50

Multiple Choice

TV Technology Corp. recently went public with an initial public offering of 2 million shares of stock. The underwriter used a firm commitment offering in which the net proceeds was $50.75 per share and the underwriter's spread was 6 percent of the gross proceeds. TV Technology also paid legal and other administrative costs of $400,000 for the IPO. Calculate the gross proceeds per share received by TV Technology from the sale of the 2 million shares of stock.

• A) $48.07
• B) $50.95
• C) $53.99
• D) $54.20

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Definitions:

Motor Response

The physical reaction of a body part when stimulated, as part of the nervous system's activity.

Pediculosis

An infestation of lice on the human body, characterized by itching and irritation on the scalp, body, or genital area.

Integumentary Assessment

A clinical evaluation of the skin and its appendages, including hair and nails, to detect conditions or diseases.

Head Lice

Parasitic insects found on the human scalp, feeding on blood and causing itching and irritation, typically spread through close personal contact.