Criswell Mining Shares Trade at $18 Per Share and There

question 54

Multiple Choice

Criswell Mining shares trade at $18 per share and there are 200 million shares outstanding. The management would like to raise $100 million in an SEO. If the underwriter charges 5% of gross proceeds, how many shares must it sell?

• A)11.11 million
• B)5.85 million
• C)5.56 million
• D)8.93 million

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Definitions:

Obstructive Sleep Apnea/Hypopnea Syndrome

A sleep disorder characterized by repeated episodes of partial or complete obstruction of the upper airway during sleep, leading to breathing interruptions and reduced oxygen levels.

Central Sleep Apnea

Sleep disorder characterized by complete cessation of respiratory activity for brief periods of time (20 seconds or more); sufferers do not have frequent awakenings and do not tend to feel tired during the day; occurs when the brain does not send the signal to breathe to the respiratory system.

Respiratory System

The biological system consisting of specific organs and structures used for gas exchange in animals and plants.

Sleep Restriction Therapy

Sleep Restriction Therapy is a behavioral treatment for insomnia, involving limiting the amount of time spent in bed to increase sleep efficiency.