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help with the last question please Batman Enterprises has just completed an initial public offering. The firm sold 2,800,000 now shares the primary offering). In
help with the last question please Batman Enterprises has just completed an initial public offering. The firm sold 2,800,000 now shares the primary offering). In addition, existing sharoholders sold 325,000 shares the secondary issue). The new shares were offered to the public at $13.50 per share and underwriters received a spread of $1.06 a share. The legal, administrative, and other costs were $400,000 and were split proportionatoly between the company and the selling stockholders. How much money did the company receive before paying its proportion of the direct costs? 34832000 Correct responnet 34,832,000 Click "Verity to proceed to the next part of the question, Suppose that on the first day of trading, the price of Batman's stock is $16.50 per share. What is the cost to the firm from the underpricing? 8400000 Correct responses 0,400,000 Click "Verity to proceed to the next part of the question, Given that the company receives $34,832,000 from the issue before paying the direct costs and that the cost from underpricing is $8,400,000, what are the total costs of the issue to the firm as a percentage of the funds raised? Enter your answer as a percentage. Do not include the percentage sign in your answer. Number Click "Verity to proceed Section Attempt 1 of 1 Verily
help with the last question please
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