What were flotation costs as fraction of funds raised

Assignment Help Financial Management

Reference no: EM131545417

Moonscape has just completed an initial public offering The firm sold 3 million shares at an offer price of $10 per share. The underwriting spread was $.70 a share. The price of the stock closed at $16 per share at the end of the first day of trading. The firm incurred $400, 000 in legal administrative, and other costs. What were flotation costs as a fraction of funds raised? (Do not round intermediate calculation. Enter your answer as a percent rounded to 2 decimal places.)

Reference no: EM131545417

Questions Cloud

Data structures and operations in python : The algorithm for adding two integers must be based on the use of standard logical operations which have direct hardware implementation

Project completion interview-investigation : Each student will identify a completed project at work, in the community, or in a business to investigate. The assignment entails the following:

How they met competencies and course objectives : Throughout the course, students will engage in weekly reflection and scholarly activities. These assignments are presented in Topic 1 to allow students to plan.

How was the environment or area set up to encourage play : How was environment or area set up to encourage play? What could you do to environment to help facilitate enhanced play skills and other developmental skills?

What were flotation costs as fraction of funds raised : What were flotation costs as a fraction of funds raised?

Situation of conflict between you and your manager : Imagine a situation of conflict between you and your manager. Discuss how understanding the elements of self-concept, its complexity.

Viewpoints in regards to ethics in negotiations : The readings provide three approaches or viewpoints in regards to ethics in negotiations, Provide all three along with a definition of each. Finally, discuss wh

How do you think you can begin overcoming them : Make a list of concerns you had or have about starting college. Which of them are you feeling right now? How do you think you can begin overcoming them?

What were flotation costs as fraction of funds raised : What were flotation costs as a fraction of funds raised?

User Account

All Pages