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Blossom Biotech management plans a $116 million IPO in which the offering price to the public will be $50 per share. The company will
Blossom Biotech management plans a $116 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 $510,000. 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 $
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
