Question
Suppose a firm is doing an IPO and the investment bank offers to buy the securities for $30.82 per share with an offering price of
Suppose a firm is doing an IPO and the investment bank offers to buy the securities for $30.82 per share with an offering price of $45.88. Assume that the under-writer's cost of bringing the security to the market is $4.24 per share. What is under-writer's net profit per share?
Round the answer to two decimals.
Your Answer:
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Finance For Managers
Authors: Harvard Business School Press
1st Edition
1578518768, 978-1578518760
