Question
Barnegat Light sold 240,000 shares in an initial public offering. The underwriter's explicit fees were $78,000. The offering price for the shares was $48, but
| Barnegat Light sold 240,000 shares in an initial public offering. The underwriter's explicit fees were $78,000. The offering price for the shares was $48, but immediately upon issue, the share price jumped to $52. What is the best estimate of the total cost to Barnegat Light of the equity issue? |
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Financial Accounting Essentials You Always Wanted To Know Self Learning Management Series
Authors: Vibrant Publishers , Kalpesh Ashar
5th Edition
1636510973, 978-1636510972
