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%
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- Under a firm commitment agreement, Zeke, Company, went public and received $30.00 for each of the 6.8 million shares sold. The initial offer price was $32 and the stock rose to $34.25. 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 24.34% 14.60% 6.97% 19.89% 23.07%The Telwar Company has just gone public. Under a firm commitment agreement, the company received $25.11 for each of the 30 million shares sold. The initial offering price was $27 per share, and the stock rose to $32.49 per share in the first few minutes of trading. The company paid $1.4 million in legal and other direct costs and $375,000 in indirect costs. What was the flotation cost as a percentage of funds raised? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Flotation costs %The Telwar Company has just gone public. Under a firm commitment agreement, the company received $32.50 for each of the 4.15 million shares sold. The initial offering price was $34.90 per share, and the stock rose to $42.00 per share in the first few minutes of trading. The company paid $910,000 in legal and other direct costs and $260,000 in indirect costs. What was the flotation cost as a percentage of funds raised? Note: Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16. Flotation cost percentage %
- The Telwar Company has just gone public. Under a firm commitment agreement, the company received $15.90 for each of the 25 million shares sold. The initial offering price was $17.50 per share, and the stock rose to $19.40 per share in the first few minutes of trading. The company paid $860,000 in direct legal and other costs and $330,000 in indirect costs. What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Flotation cost %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 3,800,000Raven Co. has just gone public. Under a firm commitment agreement, Raven received $21.39 for each of the 20 million shares sold. The initial offering price was $23 per share, and the stock rose to $28.41 per share in the first few minutes of trading. Raven paid $950,000 in direct legal and other costs and $320,000 in indirect costs. What was the flotation cost as a percentage of funds raised
- Gulf Shores Inn is comparing two separate capital structures. The first structure consists of 340,000 shares of stock and no debt. The second structure consists of 300,000 shares of stock and $2.10 million of debt. What is the price per share of equity? Multiple Choice O $64.62 $52.50 $55.00 $67.85 $60.00Brown Mines needs $1.2 billion of new equity.Market price is $25.Brown Mines decides to raise addtional funds by offering the right to buy 4 new shares for 16 at $12 per share.WIth 100% subscription,what is value of each right? A.$10.4 B.8 C.16 D.9.6Myers Inc. currently has 5, 750,000 shares outstanding, and they trade at a price of $23.76. They need to raise $35,000,000 in new funding, and will execute a Rights Offering at a subscription price of $18.00 per share. At the current share price, what will be the price of one Right leading up to the subscription? Group of answer choices $3.04 $1.46 $1.74 $22.30 $2.96
- Deep Hollow Oil issued 140,000 shares of stock last week, received $23.15 per share, and incurred direct costs of $287,000. The offer price was $29 per share. Within the first hour of trading, the stock price increased to $34 per share. What was the flotation cost as a percentage of the funds raised? Multiple Choice 53.49% 61.14% 49.72% 54.55% 64.47%A6) Finance A 3% acquisition fee is paid by investors on mutual funds worth $100,000,000. The mutual fund's participation units are priced at $100,000 each. Investors sold all of their mutual ownership funds for a cost of 0.6% after 2 years, when the mutual fund price increased to $1.500/unit. How many units are the mutual earned? and what percentage of profit or loss is obtained from the sale?Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose an investor bought 1% of the conference for $3,600,000. Assuming a controlling interest premium of 80%, what is the value of the conference according to the equity shares sold method? $648,000,000 $288,000,000 $360,000,000 $6,480,000
