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Blossom Biotech management plans a $105 million IPO in which the offering price to the public will be $50 per share. The company will
Blossom Biotech management plans a $105 million IPO in which the offering price to the public will be $50 per share. The company will receive $47.50 per share. The firm's legal fees, SEC registration fees, and other out-of-pocket costs will total $455,000. If the stock price increases 14 percent on the first day of trading, what will be the total cost of issuing the securities? Total cost $ SA
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
