Whistler Products decided to go public by offering a total of 150,000 shares of common stock to
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Whistler Products decided to go public by offering a total of 150,000 shares of common stock to the public. The company hired an underwriter who arranged a firm commitment underwriting and an initial selling price of $25 a share with a spread of 9.5 percent. As it turned out, the underwriters only sold 122,400 shares to the public.
What is the amount paid to the issuer?
Related Book For
Foundations Of Financial Management
ISBN: 9781259265921
11th Canadian Edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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