West Coast Manufacturing Company (WCMC) is executing an initial public offering with the following characteristics. The company
Question:
a. Calculate the initial return earned by investors who are allocated shares in the IPO.
b. How much will WCMC receive from this offering?
c. What is the total cost (underwriting fee and under pricing) of this issue to WCMC?
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a Investors who can buy at the 25 offer price will have realized a 28 gain in one day as the p...View the full answer
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Related Book For
Introduction to Corporate Finance What Companies Do
ISBN: 978-1111222284
3rd edition
Authors: John Graham, Scott Smart
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