What %Age of Direct Expense Is Required to Market Stock

question 83

Multiple Choice

What %age of direct expense is required to market stock if the issuer incurs $1 million in other expenses to sell 3 million shares at $40 each to an underwriter and the underwriter sells the shares at $43 each?

• A) 6.98%
• B) 7.19%
• C) 7.75%
• D) 8.33%

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Definitions:

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