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Textron Inc. issued 5 0 0 , 0 0 0 shares of common stock through investment bankers. The stock sold to the public for $
Textron Inc. issued shares of common stock through investment bankers. The stock sold to the public for $ a share, but Textron received $ a share. Textrons outofpocket costs equaled $
a Calculate Textrons total flotation costs in dollars.
b Calculate Textrons total flotation costs as a percentage of gross proceeds selling price
c Calculate Textrons total flotation costs per share of stock issued.
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