Question: The Green Hills Co has just gone public Under a
The Green Hills Co. has just gone public. Under a firm commitment agreement, Green Hills received $22.10 for each of the 8 million shares sold. The initial offering price was $24 per share, and the stock rose to $29.50 per share in the first few minutes of trading. Green Hills paid $950,000 in direct legal and other costs and $250,000 in indirect costs. What was the flotation cost as a percentage of funds raised?
Answer to relevant QuestionsCan our goal of maximizing the value of the stock conflict with other goals, such as avoiding unethical or illegal behavior? In particular, do you think subjects like customer and employee safety, the environment, and the ...Schwert Corp. shows the following information on its 2010 income statement: sales = $193,000; costs = $96,500; other expenses = $5,100; depreciation expense = $13,800; interest expense = $10,400; taxes = $23,520; dividends = ...Draw up an income statement and balance sheet for this company for 2009 and 2010. What distinguishes a Eurobond from a foreign bond? Which particular feature makes the Eurobond more popular than the foreign bond? In the previous problem, assume the equity increases by 1,100 solaris due to retained earnings. If the exchange rate at the end of the year is 1.24 solaris per dollar, what does the balance sheet look like?
Post your question