Question
In: Finance
The Huff Co. has just gone public. Under a firm commitment agreement, the company received $17.64...
The Huff Co. has just gone public. Under a firm commitment agreement, the company received $17.64 for each of the 3.2 million shares sold. The initial offering price was $22.50 per share, and the stock rose to $24.15 per share in the first day of trading. The company paid $984,900 in direct legal and other costs and incurred $340,000 in indirect costs. What was the flotation cost as a percentage of the net amount raised?
A- 38.56%
B-40.32%
C-41.68%
D-40.20%
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jeff jeffy answered 1 year agoRelated Solutions
The Collins Co. has just gone public. Under a firm commitment agreement, the company received $33.50...
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What is the net amount raised? (Do not round intermediate
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The Rabe Company has just gone public under a firm commitment agreement and sold (i.e. floated)...
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Required:
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Under a firm commitment agreement, Zeke, Co. went public and received $35.25 for each of the...
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Under a firm commitment agreement, Zeke, Co. went public and received $35.25 for each of the...
Under a firm commitment agreement, Zeke, Co. went public and
received $35.25 for each of the 8.9 million shares sold. The
initial offer price was $38 and the stock rose to $41.38. The
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funds raised?
a)27.63
b)8
c)17.68
d)29.14
e)23.6
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