Question
Barnegat Light sold 270,000 shares in an initial public offering. The underwriter's explicit fees were $84,000. The offering price for the shares was $54, but
| Barnegat Light sold 270,000 shares in an initial public offering. The underwriter's explicit fees were $84,000. The offering price for the shares was $54, but immediately upon issue, the share price jumped to $55. What is the best estimate of the total cost to Barnegat Light of the equity issue? |
$270,000
$84,000
$354,000
$186,000
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Bitcoin Cash What You Need To Know About Bch
Authors: Alexander O. M.
1st Edition
1976721229, 978-1976721229
