Question
The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley Oakley received $21.35 for each of the 6.62 million shares sold.
The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, Wiley Oakley received $21.35 for each of the 6.62 million shares sold. The initial offering price was $23.20 per share, and the stock rose to $29.71 per share in the first few minutes of trading. Wiley Oakley paid $912,000 in legal and other direct costs and $187,000 in indirect costs. (Enter your answer as directed, but do not round intermediate calculations.) |
Required: |
What is the net amount raised? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).) |
Net amount raised | $ 140238000 Numeric ResponseEdit Unavailable. 140238000 correct. |
What are the total direct costs? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).) |
Direct costs | $ 13159000 Numeric ResponseEdit Unavailable. 13159000 correct. |
What are the total indirect costs? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).) |
Indirect costs | $ 43283200 Numeric ResponseEdit Unavailable. 43283200 correct. |
What are the total costs? (Enter the whole number for your answer, not millions (e.g., 1,234,567). Round your answer to the nearest whole number (e.g., 1,234,567).) |
Total costs | $ |
What was the flotation cost as a percentage of funds raised? (Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) |
Flotation cost percentage | % |
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