Criswell Mining shares trade at $18 per share and there are 200 million shares outstanding....
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Accounting
Criswell Mining shares trade at $18 per share and there are 200 million shares outstanding. The management would like to raise $100 million in an SEO. If the underwriter charges 5% of gross proceeds, how many shares must it sell?
Select one:
A. 5.56 million
B. 8.93 million
C. 5.85 million
D. 11.11 million
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