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The Sugarland Co. has just gone public. Under a firm commitment agreement, the company received 32.70 for each of the 4.17 million shares sold. The
The Sugarland Co. has just gone public. Under a firm commitment agreement, the company received 32.70 for each of the 4.17 million shares sold. The initial offering price was 35.10 per share, and the stock rose to 42.40 per share in the first few minutes of trading. The company paid 912000 in legal and other direct costs and 264000 in indirect cost. What was the flotation cost as a percentage of funds raised?
x FOCAL EM 1120 D Oestions.com ooh perfomeducation.com/video.concederw browser A ws 4 25 The Sugando has just gone to Under a fem comment agreement company received 532.70 for each of the 417 on shores of the initial offering price was $35.10 per share and the stock rose to SA2.40 per share in the first few mies of trading. The company paid $12.000 sold other direct.com 5264000 in indirect costs What was the Botion cost as a percentage of funds aber Do not found intermediate calculations and enter your answer as percent rounded to 2 decimal places, .32.16) 11 S AF 3 5 6 7 8 9 w m T 20 1 S D E G H 3 Step by Step Solution
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