Question 17 60 pts DOA sold 4,400.000 shares in an initial public offering. The underwriter's...
90.2K
Verified Solution
Link Copied!
Question
Finance
Question 17 60 pts DOA sold 4,400.000 shares in an initial public offering. The underwriter's explicit fees were $56,000. The offering price for the shares was $36.48, but immediately upon issue, the share price changed to $35.31. How much did DOA raised in funds? (Enter your answer in dollars with 2 decimals, but do not use the "$")
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.