Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at $15 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $35 on the first day of trading. Q. The amount that Wyatt Oil raised during the IPO is closest to: Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at $15 per share, and the underwriting spread is 6%. The IPO is a big success with investors, and the share price rises to $35 on the first day of trading. Q. The amount that Wyatt Oil raised during the IPO is closest to:
Expert Answer:
Answer rating: 100% (QA)
To calculate the amount that Wyatt Oil raised during the IPO we need to consider the number of new s... View the full answer
Related Book For
Posted Date:
Students also viewed these finance questions
-
Last Sale Net Bid Ask Open Int Puts Last Sale Net bid Ask Vol Open Int 16Aug 155.00(1619H155-E) 6.45 0.75 6.95 7.25 9 16Aug 155.00(1619T155-E) 1.18 (0.75) 1.17 1.25 61 4505 16Aug 166.00(1619H160-E)...
-
Read the case study and answer the question below with a one page response. What does a SWOT analysis reveal about the overall attractiveness of Under Armours situation? Founded in 1996 by former...
-
A company offered shares in their IPO at $2.00 each. Their first sale on the ASX was at $2.20. By the end of the first day of trading their shares were trading at $2.50 and today they are trading at...
-
In Problems 1316, find each sum. 10 (-2)* k=1
-
The electron of a hydrogen atom is in the n = 2 state. The electron makes a transition to the ground state. (a) What is the energy of the photon according to the Bohr model? (b) The linear momentum...
-
What does RAM stand for, and what is its purpose?
-
Police in Albemarle County, Virginia, were on the lookout for a stolen orange and black motorcycle that had eluded them in two previous traffic incidents. Officer David Rhodes drove past the home of...
-
Data for Odgers Inc. are presented in P12-9A. Further analysis reveals that accounts payable pertain to merchandise creditors. Instructions Prepare a statement of cash flows for Odgers Inc. using the...
-
The graph below shows the number of people who consume different numbers of lollipops per year. What is the median number of lollipops consumed? Number of People 3 27 24 21 18 15 12 96 Number of...
-
The Fashion Rack has a monthly accounting period. The firms chart of accounts is shown below and on the next page. The journals used to record transactions are the sales journal, purchases journal,...
-
The Chilean inflation rate is 11.6% and the US inflation rate is 4.1%. One year ago, the exchange rate was 0.011 USD per Chilean peso. If the Law of One Price holds, what would you expect the current...
-
Lab testing was performed on a soil sample with the following partial results: According to the USCS, the soil classification is: a. GW b. MH C. CH d. ML Sieve # % passing #4 100 #200 75 LL 62 Pl 20
-
Compute the approximation for the function given below, for a user specified value of x, to a tolerance of 1.0e-8. Print your answer using three (3) decimal places with an appropriate message....
-
Jasmine earns $39,000 annually as an office assistant in a small body shop. The company just started to provide disability insurance to its employees this year. Jasmine's plan is a non- contributory...
-
Using current computer magazines and business publications, research the ways in which one of the operating systems described in this module is being used today. What kinds of businesses are using...
-
The following discussion assignment will be about network operating systems. Many network operating systems are in use, and each one has strengths and weaknesses. Using the library and the Internet,...
-
Changes in income, values and family situation make it necessary to: Multiple Choice develops financial goals and implements the financial plan. evaluate and revise your actions. analyze your current...
-
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
-
You would like to estimate the weighted average cost of capital for a new airline business. Based on its industry asset beta, you have already estimated an unlevered cost of capital for the firm of...
-
Which of the following companies are likely to have high short-term financing needs? Why? a. A clothing retailer b. A professional sports team c. An electric utility d. A company that operates toll...
-
On January 15, 2010, the U.S. Treasury issued a five-year inflation-indexed note with a coupon of 3%. On the date of issue, the consumer price index (CPI) was 250. By January 15, 2015, the CPI had...
-
Which of the following types of epigenetic changes may promote cancer? a. DNA methylation b. Covalent modification of histones c. Chromatin remodeling d. All of the above may promote cancer.
-
The underlying cause(s) of epigenetic changes associated with cancer may be a. mutations in genes that encode chromatin-modifying proteins. b. environmental agents that alter the function of...
-
Normal (nonmutant) tumor-suppressor genes often function a. as negative regulators of cell division. b. in the maintenance of genome integrity. c. in the stimulation of cell division. d. as both a...
Study smarter with the SolutionInn App