Suppose that a high tech firm raises $150 million in an IPO. The firm receives $27 per share, and the stock sold to the public at $30 per share. The firm's legal fees, SEC registration fees, and other administrative costs are $410,000. The firm's stock price increases 13.5 percent on the first day. What is the firm's total cost of issuing the securities? $33,635,000 $20,250,000 $35,660,000 $15,000,000

Borg Security Systems is considering the sale of 12,000 shares of stock to finance development of a new security product. The firm has 40,000 shares of common stock outstanding, par value of $1.00 per share. The firm has $60,000 in additional paid-in capital and $80,000 in retained earnings. Borg's investment bankers estimate that new shares will bring in $5.15 per share. If Borg goes ahead with the new stock issue, what will be the change in book value per share? Group of answer choices −$1.00 +$0.15 +$0.56 +$1.00 $0

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BQ, Incorporated, is considering making an offer to purchase iReport Publications. The vice president of finance has collected the following information:     BQ iReport Price-earnings ratio 12.2 8.8 Shares outstanding 1,500,000 165,000 Earnings $ 4,600,000 $ 680,000 Dividends $ 960,000 $ 410,000   BQ also knows that securities analysts expect the earnings and dividends of iReport to grow at a constant rate of 4 percent each year. BQ management believes that the acquisition of iReport will provide the firm with some economies of scale that will increase this growth rate to 6 percent per year.   a. What is the value of iReport to BQ? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What would BQ’s gain be from this acquisition? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. If BQ were to offer $36 in cash for each share of iReport, what would the…