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Fishwick Enterprises has 221,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The two half would be shares

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Fishwick Enterprises has 221,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The two half would be shares that are currently held by Jennifer Fishwick. Suppose that the shares are sold at an issue price of $50 but to a. What percentage of the company will Jennifer own after the issue? Note: Round your answer to the nearest whole percentage. b. What will her holding be worth at the end of the first day's trading? proceeds from the IPO? d. Suppose that the shares are sold at an issue price of $50 but rise to $80bytheendofthefirstdaystrading,what Jennifer's wealth (cash plus the value of her remaining holding)? Note: Enter your answer in millions rounded to 1 decimal place. e. What is the cost of underpricing to Jennifer in dollars? Note: Enter your answer in millions rounded to 1 decimal place. Fishwick Enterprises has 221,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The two half would be shares that are currently held by Jennifer Fishwick. Suppose that the shares are sold at an issue price of $50 but to a. What percentage of the company will Jennifer own after the issue? Note: Round your answer to the nearest whole percentage. b. What will her holding be worth at the end of the first day's trading? proceeds from the IPO? d. Suppose that the shares are sold at an issue price of $50 but rise to $80bytheendofthefirstdaystrading,what Jennifer's wealth (cash plus the value of her remaining holding)? Note: Enter your answer in millions rounded to 1 decimal place. e. What is the cost of underpricing to Jennifer in dollars? Note: Enter your answer in millions rounded to 1 decimal place

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