Evaluate the expression without using a calculator. (Assume the variable represents a positive number.) 
Definitions:
Prospectus
Legal document describing details of the issuing corporation and the proposed offering to potential investors.
Dutch Auction
An auction in which the auctioneer starts with a high asking price which is lowered until some participant is willing to accept the auctioneer's price.
Winning Bidder
The individual or entity that offers the highest price in a bidding process, such as auctions or competitive tenders.
Seasoned Equity Offering (SEO)
A new equity issue of securities by a company that has previously issued securities to the public.
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