Hughes Technology Corp

question 13

Multiple Choice

Hughes Technology Corp. recently went public with an initial public offering in which they received a total of $42 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $22 and the underwriter's spread was $0.85. Hughes also paid legal and other administrative costs of $825,000 for the IPO. Calculate the number of shares issued through this IPO.

• A) 2,024,823
• B) 3,125,000
• C) 3,328,864
• D) 4,002,179

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Definitions:

Proprioception

The sense of the relative position of one's own parts of the body and strength of effort being employed in movement.

Temperature

A measure of the hotness or coldness of an object or environment, typically measured in degrees of a specific scale like Celsius or Fahrenheit.

Internal Organs

The critical structures within the body that perform its vital functions, including the heart, lungs, liver, and kidneys.

Pain Receptors

Pain receptors, or nociceptors, are sensory neurons that respond to damaging or potentially damaging stimuli by sending signals to the brain, which interprets them as pain.