Raybac Is About to Go Public

question 111

Multiple Choice

Raybac is about to go public. Its present stockholders own 500,000 shares. The new public issue will represent 700,000 shares. The shares will be priced at $25 to the public with a 5% spread. The out-of-pocket costs in addition to the spread will be $450,000. What are the net proceeds to the firm?

• A)$18,750,000
• B)$17,200,000
• C)$18,250,000
• D)$16,175,000

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Unwanted or irrelevant information or disturbances that can interfere with the communication process, perception, or understanding.

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The process of converting information into a particular format for efficient communication or storage.

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The individual or group who gets the message from the sender during the communication process.