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4 June, 08:17

The value of 850,000 shares of CoMark stock is $1,750,000. The underwriting commission is 10%. The total of other selling expenses is $521,464. What are the net proceeds from the sale of the stock?

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  1. 4 June, 11:57
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    Given:

    value of 850,000 shares is 1,750,000

    underwriting commission is 10%

    selling expenses 521,464.00

    1,750,000 * 10% = 175,000 commission

    175,000 + 521,464 = 696,464

    1,750,000 - 696,464 = 1,053,536 net proceeds from the sale of stocks.
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