Question
Chen Brothers, Inc., sold 4 million shares in itsIPO, at a price of $18.50 per share. Managementnegotiated a fee(the underwritingspread) of 7% on this transaction.
Chen Brothers, Inc., sold 4 million shares in itsIPO, at a price of $18.50 per share. Managementnegotiated a fee(the underwritingspread) of 7% on this transaction. What was the dollar cost of thisfee?
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Principles of Accounting
Authors: Needles, Powers, crosson
11th Edition
1439037744, 978-1133626985, 978-1439037744
