D.L. Jones & Co. recently went public hoping to sell 45,000 shares. The firm received $21...
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D.L. Jones & Co. recently went public hoping to sell 45,000 shares. The firm received $21 per share by selling 43,700 shares. Keeser & Co. served as the underwriter and sold the shares to the public at an offer price of $22 a share. What type of underwriting was this? D.L. Jones & Co. recently went public hoping to sell 45,000 shares. The firm received $21 per share by selling 43,700 shares. Keeser & Co. served as the underwriter and sold the shares to the public at an offer price of $22 a share. What type of underwriting was this?
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This is an example of an underwriting with a firm commitment In this type of underwriting the unde... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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