DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $54,000. The offering price for the shares was $38, but immediately upon issue, the share price jumped to $40. a. What is your best guess as to the total cost to DRK of the equity issue?b. Is the entire cost of the underwriting a source of profit to the underwriters?
Answers: 2
Another question on Business
Business, 22.06.2019 02:00
Keshawn used to work for an it company in baltimore, but lost his job when his company decided to use workers in new delhi instead. this is an example of:
Answers: 1
Business, 22.06.2019 21:40
Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
Answers: 3
Business, 22.06.2019 21:50
By which distribution system is more than 90 percent of u.s. coal shipped? a. pipelinesb. trucksc. waterwaysd. railroadse. none of the above
Answers: 1
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
You know the right answer?
DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fe...
Questions
Chemistry, 08.04.2020 23:23
Mathematics, 08.04.2020 23:23
English, 08.04.2020 23:23
Mathematics, 08.04.2020 23:23
Engineering, 08.04.2020 23:23
Chemistry, 08.04.2020 23:23
History, 08.04.2020 23:23
