Question
Chen Brothers Inc. sold 2 million shares in its IPO, at a price of $17.50 per share. Management negotiated a fee (the underwriting spread) of
Chen Brothers Inc. sold 2 million shares in its IPO, at a price of $17.50 per share. Management negotiated a fee (the underwriting spread) of 9% on this transaction. What was the dollar cost of this fee? The total fee cost was ____ million (Round 2 decimal places)
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Financial Management Principles And Applications
Authors: Dr. S. Kr. Paul, Prof. Chandrani Paul
1st Edition
1647251664, 9781647251666
