Ask Question
12 June, 04:57

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?

+5
Answers (1)
  1. 12 June, 08:29
    0
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “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 ...” in 📘 Mathematics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers