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

---

Definitions:

Cognitive Development

The process by which an individual learns to reason, solve problems, and understand concepts throughout different stages of growth and maturity.

Daycare

A service that provides care for children during the day, especially to enable parents to work or attend school.

Eye-hand Coordination

The coordinated control of eye movement with hand movement, enabling the execution of tasks requiring precise manual actions.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.