Calculate the net proceeds per share and the underwriters


Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued 8.9 million shares of new stock. The offer price on the stock was $13.40 per share and Harper’s received a total of $115.70 million from the stock offering.

Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 2 decimal places.)

  Net proceeds  $  per share 

  Underwriter’s spread  $  per share 

What percentage of the gross proceeds is the investment bank charging Harper’s Dog Pens for underwriting the stock issue? (Round your answer to 2 decimal places.)

Percent underwriting spread      %  

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Financial Management: Calculate the net proceeds per share and the underwriters
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