firm 142,000 shares and received net proceeds of $18.56 per share. Hirani & Tran served as the and sold 37,000 shares to the public at an offer price of $20.63 per share. What type of underwriting was this? Multiple Choice Best efforts Oversubscribed
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- Studio444 recently went public. Studio444 received $20 a share on the entire offer of 25,000 shares. Hill & Co. served as the underwriter and sold 23,700 shares to the public at a price of $22 a share. What type of underwriting was this? a) best efforts b) shelf c) firm commitment. d) private placementFBN Inc. has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $70,000. The offering price for the shares was $50, but immediately upon issue, the share price jumped to $53.a. What is your best guess as to the total cost to FBN of the equity issue?b. Is the entire cost of the underwriting a source of profit to the underwriters?Barnegat Light sold 190,000 shares in an initial public offering. The underwriter's explicit fees were $68,000. The offering price for the shares was $38, but immediately upon issue, the share price jumped to $45. What is the best estimate of the total cost to Barnegat Light of the equity issue? Multiple Choice O O O $1,330,000 $68,000 $1,262,000 $1,398,000
- Barnegat Light sold 180,000 shares in an initial public offering. The underwriter's explicit fees were $66,000. The offering price for the shares was $36, but immediately upon issue, the share price jumped to $49. What is the best estimate of the total cost to Barnegat Light of the equity issue? Multiple Choice O о O $2,340,000 $2,406,000 $66,000 $2,274,000The Peter Corporation and the Sellers Company have both announced IPOs. You place an order for 1,250 shares of each IPO. One of the IPOs is underpriced by $15.50 and the other is overpriced by $8.25. If you could get all of the shares you ordered for each IPO, what would your profit be? Multiple Choice $9,062.50 $7,552.00 $19,375.00 $8,307.25 $29,687.50 The Bert Corporation and Ernie, Incorporated, have both announced IPOs. You place an order for 550 shares of each IPO. One of the IPOs is underpriced by $15.00 and the other is overpriced by $5.75. You will receive all of the shares you ordered of the overpriced IPO, but only one-half of the shares you ordered of the underpriced IPO. What profit do you expect? Multiple Choice $5,087.50 $4,125.00 $3,332.25 $962.50 $11,412.50 Gravity Company needs to raise $49 million to fund its expansion plans. The company will sell shares at a price of $28.20 in a general cash offer and the…Under a firm commitment agreement, Zeke, Co. went public and received $29.75 for each of the 6.7 million shares sold. The initial offer price was $32 and the stock rose to $34.08. The company paid $560,000 in direct flotation costs and $215,000 in indirect costs. What was the flotation cost as a percentage of funds raised? Multiple Choice 20,92% 15.00% 7.87% 24.48% 25,82%
- Hello please help me answer this problem. With a clear proper format. Thank youuu! On January 1, 2021, Trade Company purchased 40,000 shares at P 100 per share to be held for trading . Brokerage fees amounted to P 120,000. No other transactions occurred in 2021 affecting the investment.What is the initial measurement of the investment? a. P 4,120,000 b. P 4,000,000 c. P 3,920,000 d. P 3,800,000Lulu Industries is in the process of selling shares in an auction IPO. At the end of the bidding period, Lulu's investment bank has received the following bids: Number of Shares Bid 50,000 25,000 25,000 100,000 125,000 Price ($) $19.50 $19.25 $19.10 $19.00 $18.75 $18.50 $18.25 $18.00 $17.75 $17.50 What will the offer price of these shares be if Lulu is selling 0.5 million shares? $18.75 $19.10 $18.50 75,000 150,000 240,000 80,000 125,000 $18.25Please answer this problem and provide complete solution in good accounting form. Thank you! Victory Company issued 8,000 ordinary shares with P200 par value and 20,000 preference shares with P200 par value for a total consideration of P7,500,000. At the date of issue, the ordinary share was selling for P360 and the preference share was selling for P270. What is the share premium from the issuance of ordinary shares?
- DRK, incorporated, has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $60,000. The offering price for the shares was $40, but immediately upon issue, the share price jumped to $44. What is the total cost to DRK of the equity issue?Roundtree Software is going public using an auction IPO. The firm has received the following bids: Price ($) Number of Shares 14.00 160,000 13.80 220,000 13.60 560,000 13.40 1,100,000 13.20 1,250,000 13.00 800,000 12.80 480,000 Roundtree had previously believed it would issue 2,000,000 shares; however, if Roundtree decides to issue an extr 547,000 shares (for a total of 2,547,000 shares), how much total money will it raise? ... Roundtree will raise a total amount of $ million. (Round to one decimal place.)ed Erna Corporation is evaluating an extra dividend versus a share repurchase. In either case, $53,500 would be spent. Current earnings are $1.79 per share, and the stock currently sells for $64 per share. There are 9,000 shares outstanding. Ignore taxes and other imperfections. a. Evaluate the two alternatives in terms of the effect on the price per share of the stock and shareholder wealth per share. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. What will the company's EPS and PE ratio be under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)