10. Your investment bankers price your IPO at $15 per share for 10 million shares. If the...
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10. Your investment bankers price your IPO at $15 per share for 10 million shares. If the price at the end of the first day of trading is $17 per share,
a. What was the percentage underpricing?
b. How much money did the firm miss out on due to underpricing?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292018409
3rd Global Edition
Authors: Berk, Peter DeMarzo, Jarrad Harford
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