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Question regarding the public in a general cash offer

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Reference no: EM131106580

Mountaintop Market is offering 60,000 shares of stock to the public in a general cash offer. The offer price is $30 a share and the underwriter's spread is 9 percent. The administrative costs are estimated at $310,000. How much will Hilltop Market receive from this stock offering assuming the issue is completely sold?

Reference no: EM131106580

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