Publishing recently completed its IPO. The stock was offered at a price of $ 13.81 per share. On the first day of trading, the stock closed at $ 18.17 per share. If Felton Publishing paid an underwriting spread of 7.3 % for its IPO and sold 12 million shares, what was the total cost (exclusive of underpricing) to it of going public?

The cost of IPO is $ 12,097,560.00  

Explanation:

The total cost of the company going public is the actual costs incurred on the IPO(the underwriting spread) plus the implicit cost (the excess of the market price over the IPO price on the first day of trading).

However, the requirement in this question is that we should exclude the cost of under-pricing

The underwriting spread is computed as follows:

underwriting cost=Offered price *volume*underwriting %

offered price  is $13.81

volume of shares is 12,000,000

underwriting % is 7.3%

underwriting cost=$13.81*12,000,000*7.3%

                            =$ 12,097,560.00  

This is cost of the IPO without considering the under-pricing cost

answer; (cash) is the best out of the above; good luck

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dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.