Question: please round to one decimal place, and do not use Excel to solve Problem 14-12 Question Help * Margoles Publishing recently completed its IPO. The

please round to one decimal place, and do not use Excel

please round to one decimal place, and do not use Excel to solve

Problem 14-12 Question Help * Margoles Publishing recently completed its IPO. The stock was offered at a price of $13.66 per share. On the first day of trading, the stock closed at $18.01 per share. If Margoles Publishing paid an underwriting spread of 7.1% for its IPO and sold 10 million shares, what was the total cost (exclusive of underpricing) to it of going public? The total cost of going public was $ million. (Round to one decimal place.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Score: 0 of 1 pt 10 of 22 (0 complete HW Score: 0% P 14-10 (similar to) Question He Your investment bankers price your IPO at $15.37 per share for 9.7 million shares. If the price at the end of the...

Please help me solve. I will leave a thumbs up!! Margoles Publishing recently completed its IPO. The stock was offered at a price of $13.81 per share. On the first day of trading, the stock closed at...

Margoles Publishing recently completed its IPO. The stock was offered at $14.00 per share. On the first day of trading, the stock closed at $19.00 per share. a. What was the initial return on...

Margoles recently publishing completed its IPO. The stock was offered at $ 14.00 per share. On the first day of trading, the stock closed at $19.00 per share. a. What was the initial return on...

Please show your work in Microsoft Excel . Below is a sample problem for reference. 1. Wallace Publishing recently completed its IPO. The stock was offered at $13.88 per share. On the first day of...

Margoles Publishing recently completed its IPO. The stock was offered at $14.00 per share. On the first day of trading, the stock closed at $19.00 per share a. What was the initial return on...

Margoles Publishing recently completed its IPO. The stock was offered at $14.00 per share. On the first day of trading, the stock closed at $19.00 per share. a. What was the initial return on...

Margoles Publishing recently completed its IPO. The stock was offered at a price of $14.00 per share. On the first day of trading, the stock closed at $19.00 per share. If Margoles Publishing paid an...

Margoles Publishing recently completed its IPO. The stock was offered at a price of $14.78 per share. On the first day of trading, the stock closed at $18.55 per share. If Margoles Publishing paid an...

For each of the following measures that could be incorporated into a balanced scorecard, identify which of the four balanced scorecard perspectives it would most likely belong to. a. Training hours...

At what height h above the ground does the projectilehave a speed of 0.5 v ? Express your answer in terms of v and the magnitude ofthe acceleration of gravity g .

Jerome thinks that it is going to be crowded at the gym today. This is an example of a ( n ) dual attitude belief implicit attitude deliberate attitude

Which are two characteristics of ADP design rules checkers? ( Choose two ) 1 . Developers can insert the design rule checker into their CI pipeline to check if they have broken one of the design...