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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Corporate Finance

ISBN: 9780137845071

6th Edition

Authors: Jonathan Berk, Peter DeMarzo

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Question Posted: Jun 12, 2024 02:04 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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Corporate Finance

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