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problem: Casual Corners focus in the underwriting of small companies. The terms of a recent offering were as follows:

Number of shares = 2 million

Offering price = $ 25 per share

Net proceeds = $45 million

Casual Corners operating cost associated with the offering were 500,000 dollars. find out the company gains on the offer if immediately after the offer began the secondary market value of each share was as follows:

[A]      $23 per share

[B]      $25 per share

[C]      $28 per share

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  • Category:- Basic Finance
  • Reference No.:- M917549

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