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Your investment bankers price your IPO at $14.94 per share for 10.9 million shares. If the price at the end of the first day of

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Your investment bankers price your IPO at $14.94 per share for 10.9 million shares. If the price at the end of the first day of trading is $16.52 per share, a. what was the percentage underpricing? b. how much money did the firm miss out on due to underpricing? a. what was the percentage underpricing? As a percent of the offering price, the underpricing is %. (Round to one decimal place.)

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