Question
Bank AMZ raised $50 million in an initial public offering (IPO) at an offer price of $20 per share underwritten at $19 per share. Legal
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Bank AMZ raised $50 million in an initial public offering (IPO) at an offer price of $20 per share underwritten at $19 per share. Legal fees and registration costs are $2.4 million. Its share price rises by 10% on the first day of trading. Calculate the total cost of the IPO issuance. A. $4.9 million B. $7.4 million C. $7.5 million D. $9.9 million
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Dave Ramseys Complete Guide To Money
Authors: Dave Ramsey
1st Edition
1937077209, 978-1937077204
