Question
Dons Captain Morgan, Inc., needs to raise $13.90 million to finance plant expansion. In discussions with its investment bank, Dons learns that the bankers recommend
Dons Captain Morgan, Inc., needs to raise $13.90 million to finance plant expansion. In discussions with its investment bank, Dons learns that the bankers recommend an offer price (or gross proceeds) of $21.80 per share and Dons will receive $19.25 per share.
Calculate the underwriters spread per share on the issue.
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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
