Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued 8.3 million shares of new stock. The offer price on the stock was $11.50 per share and Harper’s received a total of $88.81 million from the stock offering.

Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 2 decimal places.)

Net proceeds $ per share

Underwriter’s spread $ per share

What percentage of the gross proceeds is the investment bank charging Harper’s Dog Pens for underwriting the stock issue? (Round your answer to 2 decimal places.)

Answer rating: 100% (QA)

Net Proceeds per Share Proceeds received No of Shares i... View the full answer