Question: Back to Assignment Attempts Keep the Highest / 2 2 . Problem 1 8 - 0 5 ( Pricing Stock Issues in an IPO )

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Keep the Highest /2
2. Problem 18-05(Pricing Stock Issues in an IPO)
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Problem Walk-Through
Pricing Stock Issues in an IPO issue 1 million new shares. ESM charges a 6% spread.
What is the correctly valued offer price? Do not round intermediate calculations. Round your answer to the nearest cent.
$
$
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Back to Assignment Attempts Keep the Highest /2 2. Problem 18-05(Pricing

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