Nunavut Mining Company Stock Trades at $3

question 72

Multiple Choice

Nunavut Mining Company stock trades at $3.25 per share and there are 46 million shares outstanding.The management would like to raise $50 million in an SEO.If the underwriter charges 6% of gross proceeds,how many shares must it sell?

• A)15.4 million
• B)16.4 million
• C)14.5 million
• D)16.3 million
• E)14.7 million

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