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Trump Card Co. will issue stock at a retail (public) price of $35.00. The company will receive $33.10 per share. a. What is the spread
Trump Card Co. will issue stock at a retail (public) price of $35.00. The company will receive $33.10 per share.
a. What is the spread on the issue in percentage terms? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
b. If the firm demands receiving a new price only $2.09 below the public price suggested in part a, what will the spread be in percentage terms? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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