1) Draiman Guitars is offering 170,000 shares in an IPO with an overall cash offering. The bid...
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1) Draiman Guitars is offering 170,000 shares in an IPO with an overall cash offering. The bid price is $24 per share and the insurer's spread is 9 percent. Administrative costs are $410,000. What is the company's net income?
A firm has negotiated a seasoned stock offer that will provide the firm with $1.68 million in net income. The commitment margin is 7.35 percent and the firm needs to sell 50,000 shares. What is the bid price?
Related Book For
Entrepreneurial Finance
ISBN: 978-1305968356
6th edition
Authors: J. Chris Leach, Ronald W. Melicher
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