Neutrino Industries Stock Trades at $48 Per Share and There

question 3

Multiple Choice

Neutrino Industries stock trades at $48 per share and there are 120 million shares outstanding.The management would like to raise $400 million in an SEO.If the underwriter charges 6% of gross proceeds,how many shares must it sell?

• A)8.33 million
• B)8.40 million
• C)8.68 million
• D)8.87 million

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