Highlander Homes Stock Trades at $32 Per Share and There

question 104

Multiple Choice

Highlander Homes stock trades at $32 per share and there are 50 million shares outstanding.The management would like to raise $200 million in an SEO,and current investors would like to sell $50 million of their own stock.If the underwriter charges 5% of gross proceeds,how many shares must it sell in the total (primary and secondary) offering?

• A)7.81 million
• B)6.05 million
• C)8.22 million
• D)6.58 million

---

Definitions:

Multi-player

A mode of video games or online activities that allows multiple people to play or interact together in real-time.

Competitive

Characterized by or involving competition; striving to gain or win something by defeating or establishing superiority over others.

Community-oriented

An approach or philosophy that emphasizes the importance of building and maintaining relationships within a community.

Solitary

Existing or carried out alone without the company of others.