The Real Estate Settlements and Procedures Act (RESPA) applies to: Select one: A. those parties who are indirectly related to a
1 answer:
You might be interested in
Answer:
$8.23 per share
Explanation:
Total funds received by Turbo = (3.03 million shares x $ 7.65 per share) - $230,000
= $23,179,500 - $230,000 = $22,949,500
Gross Proceeds = Net Proceeds + Underwriter's Spread
Gross Proceeds = (Gross Proceeds * 0.07) + $7.65 per share
(Gross Proceeds – 0.07 Gross Proceeds) = $7.65 per share
Factorize gross proceeds mathematically to get
Gross Proceeds (1-0.07) = $7.65 per share
Gross Proceeds (0.93) = $7.65 per share
Gross Proceeds =
Gross Proceeds = $8.23 per share