Tetus Corporation Went Public with an Initial Public Offering of 2.5

question 123

Essay

Tetus Corporation went public with an initial public offering of 2.5 million shares of stock.The underwriter used a firm commitment offering in which the net proceeds was $8.05 per share and the underwriter's spread was 8% of the gross proceeds.Tetus also paid legal and other administrative costs of $250,000 for the IPO.Calculate the gross proceeds and the total funds received from the sale of the 2.5 million shares of stock.

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Definitions:

Strict

Involves rigid enforcement or exacting adherence to specified guidelines or standards.

Permissive

A parenting or leadership style characterized by low demands with high responsiveness, where rules are minimal and children are largely allowed to regulate their own behavior.

Video Games

Digital games played through the use of computers, consoles, or mobile devices, often involving interactive engagement and entertainment.

Instrumental Aggression

Behavior that hurts someone else in order to achieve a goal such as gaining a possession.