Business, 27.01.2020 20:31, huntbuck14

Barnegat light sold 200,000 shares in an initial public offering. the underwriter's explicit fees were $90,000. the offering price for the shares was $35, but immediately upon issue, the share price jumped to $43. what is the best estimate of the total cost to barnegat light of the equity issue?

a. $90,000
b. $1,290,000
c. $2,390,000
d.$1,690,000

Answers: 1

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Barnegat light sold 200,000 shares in an initial public offering. the underwriter's explicit fees we...