Current Attempt in Progress Sheridan, Inc., a high-technology firm in Portland, raised a total of $60 million in an IPO. The company received $27 of the $30 per share offering price. The firm's legal fees, SEC registration fees, and other out-of-pocket costs were $550,000. The firm's stock price increased 17 percent on the first day of trading. What was the total cost to the firm of issuing the securities? Total cost %$4

Current Attempt in Progress Sheridan, Inc., a high-technology firm in Portland, raised a total of $60 million in an IPO. The company received $27 of the $30 per share offering price. The firm's legal fees, SEC registration fees, and other out-of-pocket costs were $550,000. The firm's stock price increased 17 percent on the first day of trading. What was the total cost to the firm of issuing the securities? Total cost %$4

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter15: Dividend Policy

Section: Chapter Questions

Problem 12P

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