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Homework: Chapter_14 Score: 0 of 1 pt 15 of 22 (0 complete) HW Score: 0% 0 of 22 pts P 14-15 (similar to) Your fimis

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Homework: Chapter_14 Score: 0 of 1 pt 15 of 22 (0 complete) HW Score: 0% 0 of 22 pts P 14-15 (similar to) Your fimis sellingi milion shares in an IPO You are targeting an offer price of $6 pers. Your underw.tors have proposed spread of 6.7%, but you would like to lower top wet you are concerned that if you do so, they wil argue for a lower offer price. Given the potential savings from a lower spread how much lower can the offer ce go before you would have preferred to pay to get $163per she The offer price would need to drop to $ Round to the nearest cont>

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