In Its IPO,Jillian's Imprints,a Small Publishing House,offered Stock at a Price

question 35

Multiple Choice

In its IPO,Jillian's Imprints,a small publishing house,offered stock at a price of $8.00 per share.The underwriters of this IPO had a spread of 6.5% per share.If 2 million shares were sold,what funds did Jillian's receive from the IPO?

• A)$5.21 million
• B)$14.96 million
• C)$16.00 million
• D)$17.04 million