Question: 2. Problem 18-05 (Pricing Stock Issues in an IPO) Pricing Stock Issues in an IPO currently has 4 million shares outstanding and will issue 1.3

2. Problem 18-05 (Pricing Stock Issues in an IPO) Pricing Stock

2. Problem 18-05 (Pricing Stock Issues in an IPO) Pricing Stock Issues in an IPO currently has 4 million shares outstanding and will issue 1.3 million new shares. ESM charges a 9% spread. What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent. $ answer to the nearest dollar

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