Talmot corporation stock was underwritten by advantage

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A recent offering of Talmot Corporation stock was underwritten by Advantage Securities. The terms were: Price to public $10 per share and 10 million shares.  Proceeds to the company depend on the price per share and how many shares are sold.  The investment banker incurred expenses of $1.5 million and the company incurred expenses of $1 million.  This is an example of a

a.) Best efforts deal

b.) Hybrid deal

c.) Negotiated deal

d.) Not enough information to determine

e.) none of the above

Reference no: EM131933036

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Talmot corporation stock was underwritten by advantage : A recent offering of Talmot Corporation stock was underwritten by Advantage Securities. The terms were: Price to public $10 per share and 10 million shares.
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