Question
A company offered shares in their IPO at $2.00 each. Their first sale on the ASX was at $2.20. By the end of the first
A company offered shares in their IPO at $2.00 each. Their first sale on the ASX was at $2.20. By the end of the first day of trading their shares were trading at $2.50 and today they are trading at $2.60. The cost of under-pricing the issue was
Select one:
a. The number of shares issued multiplied by 30c.
b. The number of shares issued multiplied by 60c
c. The number of shares issued multiplied by 50c
d. The number of shares issued multiplied by 20c
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Finance And Economics Readings Selected Papers From Asia Pacific Conference On Economics And Finance 2017
Authors: Lee-Ming Tan , Evan Lau Poh Hock, Chor Foon Tang
1st Edition
9811081468,9811081476
