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Chris M.
Chris M., M.S.W. Social Work
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Finance question

Resolved Question:

Winston sporting goods is considering a public offering of common stock. Its investment banker has informed the company that the retail price will be 18.00 per share for 600,000 shares. The company will receive 16.50 per share and will occur 150,000 in registration, accounting, and printing fees. A. what is the spread on this issue in percentage terms? What are the total expenses of the issue as a percentage of total value (retail)? B. if the firm wanted to net 18 million from this issue, how many shares must be sold?
Submitted: 5 years ago.
Category: Homework
Expert:  Chris M. replied 5 years ago.

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