Your investment bankers price your IPO at $14.67 per share for 10.5 million shares. If the price at the end of the first day of trading is $16.52 per share, what was the percentage underpricing? 11.1% 14.1% 12.6% 10.6%
Your investment bankers price your IPO at $14.67 per share for 10.5 million shares. If the price at the end of the first day of trading is $16.52 per share, what was the percentage underpricing? 11.1% 14.1% 12.6% 10.6%
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter26: Mergers And Corporate Control
Section: Chapter Questions
Problem 7MC
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