The _________ from the sale of a security are the funds actually received from the sale after _________, or the total costs of issuing and selling the security, which have been subtracted from the total proceeds.
A. gross proceeds; the after-tax costs
B. gross proceeds; the flotation costs
C. net proceeds; the flotation costs
D. net proceeds; the after-tax costs
Answer:C
The _________ from the sale of a security are the funds actually received from the sale after _________, or the total costs of issuing and selling the security, which have been subtracted from the total proceeds.
A. gross proceeds; the after-tax costs B. gross proceeds; the flotation costs C. net proceeds; the flotation costs D. net proceeds; the after-tax costs