ABC Co. just completed an IPO with an investment back in a firm commitment basis. The firm issue 6 million shares of common stock and the underwriting fees were $2.46 per share. the offering price was $30.00 per share. How much money did the company receive; what was the net proceeds to the Firm?
ABC Co. just completed an IPO with an investment back in a firm commitment basis. The firm issue 6 million shares of common stock and the underwriting fees were $2.46 per share. the offering price was $30.00 per share. How much money did the company receive; what was the net proceeds to the Firm?
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
Problem 1PS
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ABC Co. just completed an IPO with an investment back in a firm commitment basis. The firm issue 6 million shares of common stock and the underwriting fees were $2.46 per share. the offering price was $30.00 per share. How much money did the company receive; what was the net proceeds to the Firm?
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