If the underwriters sold a total of 73,400 shares to the public at a price of $18.20 per share. The additional 13,400 shares were purchased in accordance with : c). Green shoe provision.
A green shoe provision can be defined as the way in which an underwriter tend to sell more shares to investors than the shares that was budgeted.
This scenario best illustrate green shoe provision based on the fact that the plan shares was 60,000 in which the underwriters sold 73,400 shares given us additional shares of 13,400 shares ( 73,400 shares - 60,000 shares).
Therefore the correct option is C.
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