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Problem 1 5 - 4 Calculating Flotation Costs [ LO 3 ] The Telwar Company has just gone public. Under a firm commitment agreement, the
Problem Calculating Flotation Costs LO The Telwar Company has just gone public. Under a firm commitment agreement, the company received $ for each of the million shares sold. The initial offering price was $ per share, and the stock rose to $ per share in the first few minutes of trading. The company paid $ in legal and other direct costs and $ in indirect costs. What is the net amount raised? Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg tableNet amount raised,$
Problem Calculating Flotation Costs LO
The Telwar Company has just gone public. Under a firm commitment agreement, the company received $ for each of the million shares sold. The initial offering price was $ per share, and the stock rose to $ per share in the first few minutes of trading. The company paid $ in legal and other direct costs and $ in indirect costs.
What is the net amount raised?
Note: Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, eg
tableNet amount raised,$
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