Internet Ideas, Inc. is offering 20,000 shares in an initial public offering. The underwriters have agreed upon a best efforts offering with an offer price of $27 and a 5 percent spread. The underwriters were able to sell 18,500 shares to the general public. The stock opened at a price of $31 a share on its first day of trading. How much did Internet Ideas, Inc. receive from this offering?	The Computer Co. wants to raise $4 million through a rights offering. Currently, the company has 1.5 million shares outstanding and plans on issuing one right for each share. The current market price is $50 and the subscription price is $40. What do shareholders have to submit to receive one new share of stock under this rights offering?
	TES, Inc. currently has 700,000 shares of stock outstanding at a market price of $35 a share. The company wants to raise $3 million in a rights offering. The subscription price is $30 a share. One right will be granted for every share of outstanding stock. What is the value of one right?	You currently own 8 percent of the 200,000 shares of outstanding stock in Jones, Inc. The firm has announced it is offering an additional 40,000 shares to the public. What will your new ownership position be if you opt to not participate in the additional stock offering? Assume the issue is fully subscribed.