What were flotation costs as a fraction, Accounting Basics

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What were flotation costs as a fraction

Moonscape has just completed an initial public offering. The firm sold 4 million shares at an offer price 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, administrative, and other costs. What were flotation costs as a fraction of funds raised?Fraction of funds raised__ %?

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Accounting Basics: What were flotation costs as a fraction

Reference No:- TGS0671011

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Recent Questions Asked Accounting Basics

Q : Question-firm financial statements

Q : What are the capital balances of each partner

Q : What is the amount of dividends declared

Q : How much would have just after making fifth deposit

Q : What were flotation costs as a fraction

Q : Differences between financial and managerial accounting

Q : What is the coupon rate for treasury bond

Q : Connors current stock price

Q : How much money will kylee have available for a down payment

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Accounting Basics: What were flotation costs as a fraction

Reference No:- TGS0671011

Recent Questions Asked Accounting Basics

Q : Question-firm financial statements

Q : What are the capital balances of each partner

Q : What is the amount of dividends declared

Q : How much would have just after making fifth deposit

Q : What were flotation costs as a fraction

Q : Differences between financial and managerial accounting

Q : What is the coupon rate for treasury bond

Q : Connors current stock price

Q : How much money will kylee have available for a down payment

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