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Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,010,000 shares for this issue. He plans to keep 1,250,000 shares for himself, hold back an additional 210,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $16.21 a share. Given the bids at the auction (shown on the table here: 9), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? 1,256,100 shares (Round to the nearest whole number.) Data Table How many shares does Clark Kent get? 929,514 shares (Round to the nearest whole number.) Click on the following Icon D in order to paste this table's content into a spreadsheet How many shares does Central City get? Bidder Quantity Bid 2,000,000 1,480,000 Gotham Pension Fund 433,355 shares (Round to the nearest whole number.) Clark Kent Investors How many shares does Arthur Curry get? Central City Insurance 690,000 Arthur Curry 430,000 270,062 shares (Round to the nearest whole number.) Barry Allen 320,000 Total 4,920,000 How many shares does Barry Allen get? 200,969 shares (Round to the nearest whole number.) Print Done What is the total cash flow to Wayne after the sale? $ 48,185,522 (Round to the nearest dollar.)

Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,010,000 shares for this issue. He plans to keep 1,250,000 shares for himself, hold back an additional 210,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $16.21 a share. Given the bids at the auction (shown on the table here: 9), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? 1,256,100 shares (Round to the nearest whole number.) Data Table How many shares does Clark Kent get? 929,514 shares (Round to the nearest whole number.) Click on the following Icon D in order to paste this table's content into a spreadsheet How many shares does Central City get? Bidder Quantity Bid 2,000,000 1,480,000 Gotham Pension Fund 433,355 shares (Round to the nearest whole number.) Clark Kent Investors How many shares does Arthur Curry get? Central City Insurance 690,000 Arthur Curry 430,000 270,062 shares (Round to the nearest whole number.) Barry Allen 320,000 Total 4,920,000 How many shares does Barry Allen get? 200,969 shares (Round to the nearest whole number.) Print Done What is the total cash flow to Wayne after the sale? $ 48,185,522 (Round to the nearest dollar.)

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,010,000 shares for this issue. He plans to keep 1,250,000 shares for himself, hold back an additional 210,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $16.21 a share. Given the bids at the auction (shown on the table here: E), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? 1,256,100 shares (Round to the nearest whole number.) Data Table How many shares does Clark Kent get? 929,514 shares (Round to the nearest whole number.) Click on the following Icon D in order to paste this table's content into a spreadsheet How many shares does Central City get? Bidder Quantity Bid 433.355 shares (Round to the nearest whole number.) Gotham Pension Fund 2,000,000 Clark Kent Investors 1,480,000 How many shares does Arthur Curry get? Central City Insurance 690,000 Arthur Curry 430,000 270.062 shares (Round to the nearest whole number.) Barry Allen 320,000 Total 4,920,000 How many shares does Barry Allen get? 200,969 shares (Round to the nearest whole number.) Print Done What is the total cash flow to Wayne after the sale? $ 48,185,522 (Round to the nearest dollar.)
Transcribed Image Text:Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,010,000 shares for this issue. He plans to keep 1,250,000 shares for himself, hold back an additional 210,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 460,000 shares, and sell the remaining shares at $16.21 a share. Given the bids at the auction (shown on the table here: E), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? How many shares does Gotham Pension get? 1,256,100 shares (Round to the nearest whole number.) Data Table How many shares does Clark Kent get? 929,514 shares (Round to the nearest whole number.) Click on the following Icon D in order to paste this table's content into a spreadsheet How many shares does Central City get? Bidder Quantity Bid 433.355 shares (Round to the nearest whole number.) Gotham Pension Fund 2,000,000 Clark Kent Investors 1,480,000 How many shares does Arthur Curry get? Central City Insurance 690,000 Arthur Curry 430,000 270.062 shares (Round to the nearest whole number.) Barry Allen 320,000 Total 4,920,000 How many shares does Barry Allen get? 200,969 shares (Round to the nearest whole number.) Print Done What is the total cash flow to Wayne after the sale? $ 48,185,522 (Round to the nearest dollar.)
Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,220,000 shares for this issue. He plans to keep 1,120,000 shares for himself, hold back an additional 230,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 540,000 shares, and sell the remaining shares at $16.36 a share. Given the bids at the auction (shown on the table here: E ), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? Data Table Click on the following Icon a in order to paste this table's content into a spreadsheet Quantity Bid 1,800,000 Bidder Gotham Pension Fund Clark Kent Investors 1,430,000 Central City Insurance 700,000 Arthur Curry 370,000 300.000 Barry Allen Total 4,600,000
Transcribed Image Text:Issuing securities. Bruce Wayne is going public with his new business. Berkman Investment Bank will be his banker and is doing a best efforts sale with a 3.8% commission fee. The SEC has authorized Wayne 5,220,000 shares for this issue. He plans to keep 1,120,000 shares for himself, hold back an additional 230,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 540,000 shares, and sell the remaining shares at $16.36 a share. Given the bids at the auction (shown on the table here: E ), distribute the shares to all bidders using a pro-rata share procedure, and assume Berkman Investment Bank takes its green-shoe shares. What is the total cash flow to Wayne after the sale? To Berkman Investment Bank? Data Table Click on the following Icon a in order to paste this table's content into a spreadsheet Quantity Bid 1,800,000 Bidder Gotham Pension Fund Clark Kent Investors 1,430,000 Central City Insurance 700,000 Arthur Curry 370,000 300.000 Barry Allen Total 4,600,000
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