PT ANRJ issues a IDR 450 million IPO priced at IDR 130 per share, and...
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Accounting
PT ANRJ issues a IDR 450 million IPO priced at IDR 130 per share, and the offering price to the public is $150 per share. The firm's legal fees, SEC registration fees, and other administrative costs are $75,000,000. The firm's stock price increases 16 percent on the first day. What is the underwriting cost?
a. 60,000,000
b. 135,000,000
c. 75,000,000
d. no correct answer
e. 72,000,000
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