You are negotiating with your underwriters in a firm commitment offering of 8 million primary shares. You
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You are negotiating with your underwriters in a firm commitment offering of 8 million primary shares. You have two options: set the IPO price at $25.00 per share with a spread of 7%, or set the price at $24.60 per share with a spread of 5%. Which option raises more money for your firm?
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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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