Examveda
Examveda

Under writer spread is $47500 and gross proceeds are $34000 then net proceeds are

A. $13,500

B. $81,500

C. $47,500.00

D. $34,000

Answer: Option A

Solution(By Examveda Team)

Net proceeds = Under writer spread - Gross proceeds
= $47500 - $34000 = $13,500.

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