User Account

All Pages

What were flotation costs as a fraction of funds raised

Assignment Help Accounting Basics
Reference no: EM132852994

Problem - Moonscape has just completed an initial public offering. The firm sold 1 million shares at an offer price of $10 per share. The underwriting spread was $0.60 a share. The price of the stock closed at $16.00 per share at the end of the first day of trading. The firm incurred $200,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised?

Reference no: EM132852994

Questions Cloud

Find high percentage of people with college degrees : Why do you think homesourcing jobs attract such a high percentage of people with college degrees?
Confidence interval to estimate the population mean : Suppose the following data are selected randomly from a population of normally distributed values.
What is the present value of the annuity : If the first payment will come 15 years from now, and the annual rate of interest is 12%, what is the present value of the annuity
Describe the family life cycle : Identity the benefits of going to college different reasons young people stay at home longer than in the past. Describe the family life cycle
What were flotation costs as a fraction of funds raised : The firm incurred $200,000 in legal, administrative, and other costs. What were flotation costs as a fraction of funds raised
What percentage of students who received a merit scholarship : What percentage of students who received a merit scholarship did not receive enough to cover full tuition? (Round your answer to the nearest whole percent.)
What is the carrying amount of the asset on January : The A business purchased a motor car on 1 July 2013 for $20,000. What is the carrying amount (net book value) of the asset on 1 January 2015
How much money will be in the account : How much money will be in the account just after they make a deposit on December 1, 2004?
What are your long-term growth expectations : Identify a problem or an opportunity this industry is facing. Please don't generate ideas or solutions. We are looking just for the problem or opportunity

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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