Wright Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share.
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Wright Brothers, Inc., sold 4 million shares in its IPO, at a price of $18.50 per share.
Management negotiated a fee (the underwriting spread) of 9% on this transaction.
What was the dollar cost of this fee?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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