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Bidder Quantity Bid Gotham Pension Fund 1,980,000 Clark Kent Investors 1,200,000 530,000 Central City Insurance...

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Bidder Quantity Bid Gotham Pension Fund 1,980,000 Clark Kent Investors 1,200,000 530,000 Central City Insurance Arthur Curry 430,000 Barry Allen 290,000 Total 4,430,000 P15-15 (similar to) Question Help 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 4.2% commission fee The SEC has authorized Wayne 4,820,000 shares for this issue. He plans to keep 1,000,000 shares for himself, hold back an additional 180,000 shares according to the green-shoe provision for Berkman Investment Bank, pay off Venture Capitalists with 450,000 shares, and sell the remain ing shares at $15.25 a share. Given the bids at the auction (shown on the table here , 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

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