Reference no: EM132487887
Batman Enterprises has just completed an initial public offering. The firm sold 3,250,000 new shares at an offer price of $18.00 per share. The underwritering spread was $1.38 a share. The firm incurred $300,000 in legal, administrative, and other costs.
The cost to the firm of the underwriting spread is 4,485,000
The cost to the firm from the underpricing is 12,350,000
Given that the cost of the underwriting spread is $4,485,000 and the cost of underpricing is $12,350,000, what are the total costs of the issue to the firm as a percentage of the funds raised? Enter your answer as a percentage rounded to two decimal places. Do not include the percentage sign in your answer.
|
Explain the transformations applied for the variables
: Using aggregation functions for data analysis - Briefly explain the transformations applied for the selected four variables and the variable of interest
|
|
List the sample space for the seating arrangement
: Four women and two men go to a show and sit together in a row. Suppose they sit in a random order.
|
|
What is the time limit for checking a car
: What is the time limit for checking a car if no more than 10% of checks exceed this limit?
|
|
Descriptive statistics and inferential statistics
: a) There is a different between descriptive statistics and inferential statistics? Explain.
|
|
What are the total costs of the issue to the firm
: Batman Enterprises has just completed an initial public offering. The firm sold 3,250,000 new shares at an offer price of $18.00 per share.
|
|
What is the mirr-aviation inc
: Aviation Inc. is considering a new inventory system that will cost $375,000. The system is expected to generate $315,000 in year one, -$25,000
|
|
Annual compound rate of growth in the price of apples
: In October 2017 a pound of apples cost $1.56, while oranges cost $1.20. Four years earlier the price of apples was only $1.35 a pound and that of oranges
|
|
What is the price of the bond now
: Several years ago, Castles in the Sand Inc. issued bonds at face value of $1,000 at a yield to maturity of 7.2%. Now, with 8 years left until the maturity
|
|
Estimate the value of division-weston enterprises
: Estimate Weston's current equity beta and cost of capital. Is this cost of capital useful for valuing Weston's projects? How is Weston's equity beta likely to c
|