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Parafoil Avionics sells 50 million shares of stock in an SEO-30 million being primary shares issued by the company and 20 mil
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Answer #1

Option c is right

Amount raised in the issue = Number of primary shares*Market price*(1-Underwriter charges)

= 30m*11*(1-7%)

=$330 m* 93%

= $306.9 million

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