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On August 19, 2004, Google completed its IPO of 20.0 million shares to the initial investors at $90 per share. The closing price of the

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On August 19, 2004, Google completed its IPO of 20.0 million shares to the initial investors at $90 per share. The closing price of the stock that same day was $104.50. What was the dollar value of the underpricing associated with the Google IPO? (Round answer to 0 decimal places, e.g. 5,275.) Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) Total underpricing was $ Cullumber needs to borrow $4 million for an upgrade to its headquarters and manufacturing facility. Management has decided to borrow using a five-year term loan from its existing commercial bank. The prime rate is 4 percent, and Cullumber's current rating is prime + 2.57 percent. The yield on a five-year U.S. Treasury note is 1.91 percent, and the three-month U.S. Treasury bill rate is 0.12 percent. What is the estimated loan rate for the five-year bank loan? Estimated loan rate is %

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