Question: Please answer Questions 6-8 based on the information below: The Huff Co. has just gone public. Under a firm commitment agreement, Huff received $21.50 for

Please answer Questions 6-8 based on the information below: The Huff Co. has just gone public. Under a firm commitment agreement, Huff received $21.50 for each of the 6 million shares sold. The initial offering price was $23.65 per share, and the stock rose to $30.51 per share in the first few minutes of trading. Huff paid $1,260,000 in direct legal and other costs, and $390,000 in indirect costs. 6. How much is the money left on the table? A. $41.16 million B. $54.06 million C. $47.64 million D. $50.83 million 7. How much is the net proceed received by the Huff Co. from its IPO? A. $127,350,000 B. $129,000,000 C. $127,740,000 D. $114,840,000 8. How much is the flotation costs in percentage term? A. 38.56 percent B. 40.32 percent C. 41.68 percent D. 43.75 percent E. 44.09 percent

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