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Please answer using EXCEL ONLY!!! Other answers will not be accepted. I will upvote a correct answer 1. In April 2019, company Vancool offered 1.2
Please answer using EXCEL ONLY!!! Other answers will not be accepted. I will upvote a correct answer
1. In April 2019, company Vancool offered 1.2 million shares for sale in an IPO. The offering price to the public was $65 and the underwriters received a spread of 7%. The issue was heavily oversubscribed and on the first day of trading the stock price rose to $159. A. What were the proceeds to the company? B. How much commission did the underwriters receive? C. What was the cost of the underpricingStep by Step Solution
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