Back to top
  • Register/Login

    I already have an account here

    Lost password?
    New Customer ? Sign up

757 828 1585
support@tutorialsservice.com
Tutorials Service
  • Shop
  • Cart
  • Checkout
  • My Account
  • Blog
  • Shop
  • Cart
  • Checkout
  • My Account
  • Blog
Mini Cart 0 items - $0.00
  • No products in the cart.
09 Jan

The Collins Co. has just gone public. Under a firm

by jagguarpaw On: Finance - 0 Comment

Question: The Collins Co. has just gone public. Under a firm…

The Collins Co. has just gone public. Under a firm commitment agreement, the company received $33.20 for each of the 4.22 million shares sold. The initial offering price was $35.60 per share, and the stock rose to $43.40 per share in the first few minutes of trading. The company paid $917,000 in legal and other direct costs and $274,000 in indirect costs.

What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Flotation cost percentage:_________%

Bookmark and Share
Tags: The Collins Co. has just gone, The Collins Co. has just gone public, The Collins Co. has just gone public. Under, The Collins Co. has just gone public. Under a, The Collins Co. has just gone public. Under a firm Share

Copyright 2017 © All Rights Reserved With Tutorials Service LLC

X