Convex Incorporated Sells 10 Million Shares of Stock in an SEO

question 93

Multiple Choice

Convex Incorporated sells 10 million shares of stock in an SEO 6 million being primary shares issued by the company and 4 million being secondary shares sold by investors in the company.At the time of the sale,Convex's stock was selling at $8.00.If the underwriter charges 6% of the gross proceeds as a fee,how much money was raised in the sale?

• A)$45.12 million
• B)$48.00 million
• C)$75.20 million
• D)$80.00 million

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Definitions:

Recruiters

Professionals who seek out, interview, and hire individuals to fill job vacancies within an organization.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something.

Employee Referrals

A recruitment method where existing employees recommend potential candidates for vacancies within the organization, often incentivized by referral programs.

Employee Turnover

The rate at which employees leave a company and are replaced by new hires over a given period, often viewed as an indicator of workplace satisfaction and stability.