how much will a firm receive in net funding from a firm commitment underwriting of 250000 shares priced to the public at 40 if a
1 answer:
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Answer: $66,740.82
Explanation:
Formula to find the accumulated amount if compounded continuously :
, where P= principal invest
t = time
r= rate of interest.
Given : A= $84,000 , r= 4.6% = 0.046 , t=5 years
Hence, the amount need to invest = $66,740.82