Parafoil Avionics Sells 50 Million Shares of Stock in an SEO-30

question 87

Multiple Choice

Parafoil Avionics sells 50 million shares of stock in an SEO-30 million being primary shares issued by the company and 20 million being secondary shares sold by investors in the company. At the time of the sale, Parafoil's stock was selling at $11.50 per share. If the underwriter charges 7% of the gross proceeds as a fee, how much money did existing investors in the company raise in the sale?

• A) $213.90 million
• B) $224.60 million
• C) $855.60 million
• D) $866.30 million

---

Definitions:

Driver Levels

Key factors or variables that significantly influence the performance or outcomes of a process or system.

Scenarios

Detailed and plausible accounts of how the future might unfold for a specific area of interest.

Analysis

The detailed examination of the elements or structure of something, typically as a basis for discussion or interpretation.

Planning

The process of making strategic decisions about setting goals, identifying actions to achieve the goals, and mobilizing resources to execute the actions.