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Category > Business & Finance Posted 31 Jul 2017 My Price 11.00

LaJolla Securities Inc

LaJolla Securities Inc. specializes in the underwriting of small companies. The terms of a recent offering were as follows:
Number of shares …… 3 million
Offering price ……… $25 per share
Net proceeds ……….. $35 million

LaJolla Securities’ expenses associated with the offering were $400,000. 
Determine LaJolla Securities’ profit on the offering if the secondary market price of the shares immediately after the offering began were as follows:
a. $23 per share
b. $25 per share
c. $28 per share

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Status NEW Posted 31 Jul 2017 04:07 PM My Price 11.00

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