What is the net amount raised

Assignment Help Financial Management
Reference no: EM131347222

The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $21.75 for each of the 6.66 million shares sold. The initial offering price was $23.60 per share, and the stock rose to $30.11 per share in the first few minutes of trading. The company paid $916,000 in legal and other direct costs and $191,000 in indirect costs.

What is the net amount raised? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Net amount raised            $

What are the total direct costs? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Direct costs            $

What are the total indirect costs? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Indirect costs            $

What are the total costs? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)

Total costs            $

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

Flotation cost percentage             %

Reference no: EM131347222

Questions Cloud

Describe the impact of child-rearing styles : Describe the impact of child-rearing styles on child development, note cultural variations in child-reading beliefs and practices.
Flotation cost as a percentage of funds raised : The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $21.65 for each of the 6.65 million shares sold. The initial offering price was $23.50 per share, and the stock rose to $30.01 per share in the first f..
Compute the coefficient of variation of annual sales : Compute the coefficient of variation of annual sales
Describe the challenges in identifying mental disorders : Most mental disorders lie on a continuum with "normal" behavior at one end. For example, nearly everyone has a fear of something, but it does not rise to the level of a phobia. A behavior may seem abnormal in one context but completely normal in a..
What is the net amount raised : The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $21.75 for each of the 6.66 million shares sold. The initial offering price was $23.60 per share, and the stock rose to $30.11 per share in the first f..
Why are counseling theories important to professional : Why are counseling theories important to professional counselors? What characteristics must an effective counselor possess? How has psychoanalytic theory influenced professional counseling today? How has neoanalytic theory influenced professional ..
Provide a hr plan to address the future hr needs : Provide a HR plan to address the future HR needs, including building employer's brand for Silvertail, training, career management etc of cabin crew etc.
Shareholders correct that all-equity firm would increase eps : A firm's shareholders believe that if its current debt ($2.5 million) were replaced by equity then earnings per share would increase. Assume the debt has a 10% interest rate, the tax rate is 45%, there are 400,000 shares outstanding that sell for $25..
Why are these principles important to psychotherapy : The basic structure of psychoanalysis and psychodynamic theory revolve around the idea that mental processes are automatically regulated by "the pleasure principle" and avoidance of pain. Why are these principles important to psychotherapy? Suppor..

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd