Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Telwar Company has just gone public. Under a firm commitment agreement, the company received $ 3 2 . 4 0 for each of the
The Telwar Company has just gone public. Under a firm commitment agreement, the company received $ for each of the million shares sold. The initial offering price was $ per share, and the stock rose to $ per share in the first few minutes of trading. The company paid $ in legal and other direct costs and $ in indirect costs. What was the flotation cost as a percentage of funds raised? Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg Answer is complete but not entirely correct. Flotation cost percentage LOOK AT THE IMAGE, THE ANSWER IS NOT
The Telwar Company has just gone public. Under a firm commitment agreement, the company received $ for each of the million shares sold. The initial offering price was $ per share, and the stock rose to $ per share in the first few minutes of trading. The company paid $ in legal and other direct costs and $ in indirect costs. What was the flotation cost as a percentage of funds raised?
Note: Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Answer is complete but not entirely correct.
Flotation cost percentage LOOK AT THE IMAGE, THE ANSWER IS NOT
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started