Alco Metals Just Sold 2

question 49

Multiple Choice

Alco Metals just sold 2.5 million shares through an IPO offering.The shares were offered at $25.50 a share and all shares were sold.The firm received a total of $67,250,000 for this issue.What was the spread?

• A)5.49 percent
• B)6.25 percent
• C)6.40 percent
• D)7.00 percent
• E)7.20 percent

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