Question
Harpers Dog Pens, Inc., with the help of its investment bank, recently issued 8.6 million shares of new stock. The offer price on the stock
Harpers Dog Pens, Inc., with the help of its investment bank, recently issued 8.6 million shares of new stock. The offer price on the stock was $13.10 per share and Harpers received a total of $107.50 million from the stock offering. Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 2 decimal places.) Net proceeds $ per share Underwriters spread $ per share What percentage of the gross proceeds is the investment bank charging Harpers Dog Pens for underwriting the stock issue? (Round your answer to 2 decimal places.)
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