complete all parts

7 of 7 completely HW Score: 0%, 0 of 7 pts -23-16 (similar to) Question Help Your firm has 12 milion shares outstanding, and you are about to se 5 milion new shares in an IPO, The IPO price has been set at $18 per share, and the underwriting spread is 7%. The IPO is a big success with investors, and the share price rises to $55 the first day of trading How much did your firm raise from the IPO? b. What is the market value of the firm after the ipo? Assume that the post IPO value of the firm is the fair market value. Suppose your fim could have issued shores directly to investors at their fair market value in a perfect market with no underwriting spread and no underpricing. What would the share price have been in this case, if you raise the same amount as in parta? d. Comparing part (b) and part(e), what is the total cost to the firm's original investors due to market imperfections from the po? a. How much did your firm raise from the IPO? The amount that the company raised is smilton (Hound to two decimal places.)