Calculating Costs of Issuing Stock TriState Corp

question 2

Multiple Choice

Calculating Costs of Issuing Stock TriState Corp.recently went public with an initial public offering in which they received a total of $50 million in new capital funding.The underwriter used a firm commitment offering in which the offer price was $30 and the underwriter's spread was $1.50.TriState also paid legal and other administrative costs of $950,000 for the IPO.What is the number of shares issued through this IPO?

• A)1,698,333
• B)1,787,720
• C)1,754,386
• D)1,666,667

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Definitions:

Self-esteem

An individual's subjective evaluation of their own worth, encompassing beliefs about oneself as well as emotional states such as triumph, despair, pride, and shame.

Conditional Positive Regard

Acceptance and support of a person that depends on meeting certain conditions or standards set by another.

Carl Rogers

An influential American psychologist who founded the humanistic approach to psychology, emphasizing the importance of the self and the individual's subjective experience.

Sense of Self

An individual's awareness of their own personality, traits, and values, contributing to their unique identity.