Underwriter spread of stock is $17000 and net proceeds of stock are $24000 then gross proceeds are
A. $41,000
B. $7,000
C. $17,000.00
D. $24,000
Answer: Option A
Solution(By Examveda Team)
Gross proceeds = Underwriter spread of stock + Net proceeds of stock= $17000 + $24000 = $41,000.
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