Calculate the net proceeds per share

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Reference no: EM13924793

The Fitness Studio, Inc., with the help of its investment bank, recently issued 3.4 million shares of new stock. The offer price on the stock was $16.50 per share and The Fitness Studio received a total of $52,173,000 through this stock offering.

Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 3 decimal places.)

Net proceeds $ ____ per share

Underwriter’s spread $ ____ per share

What percentage of the gross price is the investment bank charging The Fitness Studio for underwriting the stock issue?

Percent underwriting spread ___%

Reference no: EM13924793

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