If the firm demands receiving a new price only 150 below, Finance Basics

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If the firm demands receiving a new price only 150 below

Question: Trump Card Co. will issue stock at a retail (public) price of $30. The company will receive $27.60 per share.

a. What is the spread on the issue in percentage terms?

b. If the firm demands receiving a new price only $1.50 below the public price suggested in part a, what will the spread be in percentage terms?

c. To hold the spread down to 3 percent based on the public price in part a, what net amount should Trump Card Co. receive?

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