Chen Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share.

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Chen Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share. Management negotiated a fee (the underwriting spread) of 7% on this transaction. What was the dollar cost of this fee?

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Fundamentals of Corporate Finance

ISBN: 978-0132148238

2nd edition

Authors: Berk, DeMarzo, Harford

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Question Posted: Jan 14, 2012 02:01 AM

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Chen Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share.

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Fundamentals of Corporate Finance

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