Convex Incorporated Sells 10 Million Shares of Stock in an SEO-8

question 57

Multiple Choice

Convex Incorporated sells 10 million shares of stock in an SEO-8 million being primary shares issued by the company and 2 million being secondary shares sold by investors in the company. At the time of the sale, Convex's stock was selling at $7.50 per share. If the underwriter charges 4% of the gross proceeds as a fee, how much money was raised in the sale?

• A) $46.08 million
• B) $57.60 million
• C) $60.48 million
• D) $92.16 million

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Definitions:

Nonverbal Cues

Communication methods other than spoken or written words, including gestures, body language, facial expressions, and eye contact.

Problem Situation

Refers to a set of circumstances that poses a challenge or difficulty, requiring resolution.

Problem Seeker

An individual or entity actively looking for problems to solve, often seen as a proactive approach to identify and address issues before they escalate.

Problem Avoider

An individual or approach that opts to ignore or avoid addressing issues or challenges rather than confronting and solving them.