Business, 20.12.2019 01:31 TheHomieJaay3092
High mountain gear issued 385,000 shares of stock last week. the underwriters charged a spread of 7.2 percent in exchange for agreeing to a firm commitment. the legal and accounting fees were $302,000. the company incurred $39,000 in indirect costs. the offer price was $17 a share. within the day of trading, the stock was selling for $18.80 a share. what was the flotation cost as a percentage of the funds raised?
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High mountain gear issued 385,000 shares of stock last week. the underwriters charged a spread of 7....
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