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Reil [10]
3 years ago
9

Braynerd Chemicals sells 40 million shares of stock in an SEO—25 million being primary shares issued by the company and 15 milli

on being secondary shares sold by investors in the company. At the time of the sale, Braynerd's stock was selling at $21.00 per share. If the underwriter charges 5% of the gross proceeds as a fee, how much money was raised in the sale?
Business
1 answer:
Bezzdna [24]3 years ago
8 0

Answer:  $498.75‬ million

Explanation:

Of the 40 million shares sold by Braynerd Chemicals, 15 million were sold as secondary shares by investors in the company. The proceeds from these 15 million will therefore not go to the company but to the investors so they are not counted.

Gross total money raised will be;

= 25 million * 21.00

= $525 million

The Underwriter charges 5% of the gross amount as a fee so the Net amount raised will be;

Net Total = 525 * ( 1 - 5%)

Net Total = $498.75‬ million

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According to OSHA standards, a competent person is defined as one who is capable of identifying existing and predictable hazards
Olin [163]

Answer:

True

Explanation:

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Different standards are applicable to different industries like the construction , maritime and other industries.

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3 years ago
Which of the following about cash equivalents is false?<br> A<br> B<br> C<br> D
Sonbull [250]
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6 0
3 years ago
National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of
Snowcat [4.5K]

Answer:

$15.43

Explanation:

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Arbitrage refers to the prospect of earning a profit by utilizing the mispricing in two different financial markets. An arbitrageur never uses his own funds and always borrows.

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7 0
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g A Mortgage Backed Bond is: Group of answer choices a. A mortgage-backed security that pass-through promised payments of princi
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Answer:

A Mortgage Backed Bond is:

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