Question
BBB Ltd issues an IPO. The company's investment bank demands a spread of 4 per cent of theoffer price, which is set at $2 per
BBB Ltd issues an IPO. The company's investment bank demands a spread of 4 per cent of theoffer price, which is set at $2 per share. 3 million shares are issued. What are the proceeds for the issuer (in millions of dollars to the nearest three decimal places; don't show $ sign or commas eg 18.404)?
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
