Question
Pancake Houses has par value of common stock at $162,000, Paid in capital in excess of par at $2,400,000 and Common share of stock outstanding
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Pancake Houses has par value of common stock at $162,000, Paid in capital in excess of par at $2,400,000 and Common share of stock outstanding at 230,000. What is the initial issue price of the stock?
$21.10
$11.14
$11.53
$11.88
Sunrise Co. completed its IPO on June 2, 2019 and listed on the NYSE. They sold 7,250,000 share of stock at a price of $15 with an underwriting fee of 5%. What are the total proceeds and underwriting fee?
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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
