Convex Incorporated Sells 10 Million Shares in an SEO -

question 12

Multiple Choice

Convex Incorporated sells 10 million shares 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 shares were 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)$48.00 million
• B)$75.20 million
• C)$45.12 million
• D)$80.00 million

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Definitions:

Frequency Distribution

A frequency distribution is a summary table that shows the frequency or count of each possible value in a dataset, typically used to observe the distribution patterns.

Sample

A subset of individuals or observations selected from a larger population, used to infer or make generalizations about the whole group.

Married

A legal and social status denoting a recognized union, typically between two people, that is often formalized through a wedding ceremony.

Frequency Distribution

A representation, either in graphical or tabular form, showing how often each different value in a set of data occurs.