In Its IPO, Jillian's Imprints, a Small Publishing House, Offered

question 76

Multiple Choice

In its IPO, Jillian's Imprints, a small publishing house, offered stock at a price of $10.00 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) $5.61 million
• B) $18.70 million
• C) $20.57 million
• D) $22.44 million

---

Definitions:

Simple Events

In probability, a simple event is a single outcome within a sample space, not composed of other events.

Probability

A measure of the likelihood that an event will occur, ranging from 0 (impossibility) to 1 (certainty).

Combinations

The selection of items from a collection such that the order of selection does not matter.

Class

In the context of data, a grouping or categorization according to shared characteristics; in education, an organized period of instruction.