Question list Your firm is selling 10 million shares in an IPO. You are targeting an offer price of $19.77 per share. Your underwriters have proposed a spread of 6.9%, but you would like to lower it to 5.4%. However, you are concerned that if you do so, they will argue for a lower offer price. Given the potential savings from a lower spread, how much lower can the offer price go before you would have preferred to pay 6.9% to get $19.77 per share? Question 14 Question 15 The offer price would need to drop to $ (Round to the nearest cent.) Question 16 Question 17 Question 18 Question 19