Question
Draiman Guitars is offering 145,000 shares of stock in an IPO by a general cash offer. The offer price is $46 per share and the
Draiman Guitars is offering 145,000 shares of stock in an IPO by a general cash offer. The offer price is $46 per share and the underwriter's spread is 9 percent. The administrative costs are $385,000. What are the net proceeds to the company?
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$6,285,000
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$6,069,700
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$5,684,700
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$5,299,700
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$6,670,000
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Finance For Real Estate Development
Authors: Charles Long
1st Edition
0874204305, 978-0874204308
