The Very Big Corporation Needs to Net $10,000,000 from the Sale

question 34

Multiple Choice

The Very Big Corporation needs to net $10,000,000 from the sale of common stock.Its investment dealer has informed the firm that the retail price will be $25 per share,and that the firm will receive $22 per share.Out-of-pocket costs are $300,000.How many shares must be sold?

• A) 454,545
• B) 468,182
• C) 412,000
• D) 400,000

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Definitions:

Forelimb

The front limbs of an animal, such as the arms in humans or the paws in quadrupeds, used for various activities like grasping, walking, or flying.

Saphenous Vein

A long vein that runs along the length of the leg, important for surgical procedures such as bypass operations and varicose vein treatment.

Popliteal Vein

A blood vessel situated at the back of the knee which transports blood from the lower leg to the femoral vein.

External Iliac Vein

A large vein that carries deoxygenated blood from the lower limbs to the common iliac vein.