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Your investment bankers price your IPO at $12.55 per share for 10 million shares. If the price at the end of the first day of

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Your investment bankers price your IPO at $12.55 per share for 10 million shares. If the price at the end of the first day of trading is $16.67 per share, What was the percentage underpricing? NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign. QUESTION 21 Copy of Your investment bankers price your IP at $11.7 per share for 10 million shares. If the price at the end of the first day of trading is $17.26 per share How much money did the firm miss out on due to underpricing? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "s" sign QUESTION 22 Company A currently has 9,190,070 shares of stock outstanding at a price of $45 per share. The company would like to raise money and has announced a rights Issue. Every existing shareholder will be sent one right per share of stock that he or she owns. The company plans to require 14 rights to purchase one share at a price of $45 per share. How much money will it raise If all rights are exercised? NOTE: Submit your answers with 4 decimals after the dot. Do not include the "s" sign

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