Quality Art has completed an initial public offering of 50,000,000 shares. They agreed to an offer price
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Question:
Quality Art has completed an initial public offering of 50,000,000 shares. They agreed to an offer price of $75.00 per share, but the shares jumped on the first day of trading and closed at $105. requirement: a. was is the name of this price difference? b. how much money was loss to the company by this difference?
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