Question: Problem 1 8 - 0 5 ( Pricing Stock Issues in an IPO ) eBook Problem Walk - Through Pricing Stock Issues in an IPO

Problem 18-05(Pricing Stock Issues in an IPO)
eBook
Problem Walk-Through
Pricing Stock Issues in an IPO issue 1.6 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.
$
$
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Problem 18-05(Pricing Stock Issues in an IPO) eBook Problem Walk-Through Pricing

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