Felton Publishing recently completed its IPO. The stock was offered at $$14\mathrm{.}37$ per share. On the

first day of trading, the stock closed at $$19\mathrm{.}83$ per share.

a$.$ What was the initial return on Felton?

b$.$ Who benefited from this underpricing? Who lost, and why?

a$.$ What was the initial return on Felton?

The initial return was

$\%.($Round to one decimal place.$)$