Your investment bankers price your ipo at 1512 per share, Financial Management

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Your investment bankers price your ipo at 1512 per share

Your investment bankers price your IPO at $15.12 per share for 10.6 million shares. If the price at the end of the first day of trading is $16.97 per? share,

a. what was the percentage? underpricing?

b. how much money did the firm miss out on due to? underpricing?

a. what was the percentage? underpricing?

As a percent of the offering? price, the underpricing is ?%. ?(Round to one decimal? place.)

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Financial Management: Your investment bankers price your ipo at 1512 per share

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