Mathematics, 14.01.2020 07:31 CarlosParker99
The sugarland co. has just gone public. under a firm commitment agreement, the company received $33.70 for each of the 4.27 million shares sold. the initial offering price was $36.10 per share, and the stock rose to $44.40 per share in the first few minutes of trading. the company paid $922,000 in legal and other direct costs and $284,000 in indirect costs. what was the flotation cost as a percentage of funds raised? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.)
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The sugarland co. has just gone public. under a firm commitment agreement, the company received $33....
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