Question
Chen Brothers Inc. sold 2 million shares in its IPO, at a price of $ 18.50 per share. Management negotiated a fee (the underwriting spread)
Chen Brothers Inc. sold 2 million shares in its IPO, at a price of $ 18.50 per share. Management negotiated a fee (the underwriting spread) of 8 % on this transaction. What was the dollar cost of this fee?
The total fee cost was $____ million.
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Business Communication Essentials
Authors: Courtland Bovee
4th Canadian Edition
0133508706, 978-0133508703
