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:

Gender Roles

The roles, behaviors, activities, and traits deemed suitable for men and women by a particular society, as constructed through social processes.

Emotional Closeness

The feeling of being intimately connected to another individual, often characterized by feelings of affection, understanding, and shared experiences or thoughts.

Independence

The condition of being free from control or influence of another or others, often used in the context of countries, individuals, or statistical variables.

Obedience

The act of following orders or directives from authority figures, often without question.