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Management · Q538

International Finance and Treasury

Graduate and Post Graduate · Management · question 538

Q538

Underwriter spread of stock is 17000 and net proceeds of stock are 24000 then gross proceeds are

A.
$41,000
Answer
B.
$7,000
C.
$17,000.00
D.
$24,000

Answer: Option A

Solution

Answer: Option A
Solution:
Gross proceeds = Underwriter spread of stock + Net proceeds of stock
= 24000 = $41,000.
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