River Valley Corp

question 94

Multiple Choice

River Valley Corp. recently went public with an initial public offering in which they received a total of $40 million in new capital funding. The underwriter used a firm commitment offering in which the offer price was $10 and the underwriter's spread was $0.50. River Valley also paid legal and other administrative costs of $750,000 for the IPO. What is the number of shares issued through this IPO?

• A) 3,925,000
• B) 4,131,579
• C) 4,075,000
• D) 4,289,474

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Definitions:

The Wrist

A joint complex consisting of the distal end of the radius and ulna and the proximal row of carpal bones, facilitating hand movement.

Galactosemia

A rare genetic disorder characterized by the inability to metabolize the sugar galactose properly, leading to various health issues.

Pectin

A soluble fiber found in the cell walls of fruits and vegetables, used as a gelling agent in foods and potentially beneficial for gastrointestinal health.

Carbohydrates

Organic compounds, including sugars, starches, and cellulose, that are a major source of energy for the body.