What were flotation costs as a fraction of funds raised, Accounting Basics

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What were flotation costs as a fraction of funds raised

Moonscape hs jsut completed an initial pblic offering. The firm sold 4 million shares at an offer proce of $10 per share. The underwriting spread was $.6 a share. The price of the stock closed at $14 per share at the end of the first day of trading. The firm incurred $400,000 in legal, adminstrative, and other costs. What were flotation costs as a fraction of funds raised?

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Accounting Basics: What were flotation costs as a fraction of funds raised

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Accounting Basics: What were flotation costs as a fraction of funds raised

Reference No:- TGS0671309

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Explain the records of each transaction twice.

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Q : Find annual cash inflow that was used in present value

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Q : What were flotation costs as a fraction of funds raised

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What were flotation costs as a fraction of funds raised

Reference No:- TGS0671309

Recent Questions Asked Accounting Basics

Q : Explain the records of each transaction twice.

Q : Problem related to social marketing

Q : Find annual cash inflow that was used in present value

Q : Does it fulfill the original purpose for which it was intend

Q : What were flotation costs as a fraction of funds raised

Q : The compensation of salespersons from fixed annual salaries

Q : Question-ryngaert inc

Q : Five concepts of compassion fatigue

Q : What are disbursement

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