Find how much will the investment banker receive

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Question 1: A company is planning an IPO of 12 million shares. Each share is expected to sell at $18 per share. The investment banker will charge a 9% spread and incur expenses of $10,000,000. The company will incur expenses of $2,000,000. How much will the investment banker receive if all shares sell at the expected price?

A. $1,080,000

B. $7,440,000

C. $9,440,000

D. $100,000,000

E. None of the above

Reference no: EM132627561

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