Company receive if all shares sell at the expected price

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Reference no: EM131063097

A company is planning an IPO of 10 million shares. Each share is expected to sell at $10 per share. The investment banker will charge an 8% spread and incur expenses of $500,000. How much will the company receive if all shares sell at the expected price?

a. $91,450,000

b. $92,000,000

c. $100,000,000

d. $91,500,000

e. none of the above

Reference no: EM131063097

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