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Superman Enterprises has just completed an initial public offering. The firm sold 1,600,000 now shares at an offer price of $11.00 per share. The underwritering

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Superman Enterprises has just completed an initial public offering. The firm sold 1,600,000 now shares at an offer price of $11.00 per share. The underwritering spread was $0.82 a share. The firm incurred $400,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread? Number Click "Verity" to proceed to the next part of the question Section Attempt 1 of 1 Verity

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