Goode investment bank agrees to underwrite 1000000 cfs, Financial Management

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Goode investment bank agrees to underwrite 1000000 cfs

Goode Investment Bank agrees to underwrite 1,000,000 CFS Company’s shares on a best efforts basis. It then sells 800,000 shares to the public for $20 each. The agreement is that Goode will charge 1.50 per share sold. d. What is the stock price of CFS?

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Financial Management: Goode investment bank agrees to underwrite 1000000 cfs

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