problem: Company X is executing an initial public offering with the given characteristics. The company will sell 10 million shares at an offer price of 25 per share, the underpreparer will charge a 7% underwriting fees, & the shares are expected to sell for 32 per share by the end of the first day's trading. Suppose this IPO is executed as expected answer the following:
[A] Compute the initial return earned by investors who are allocated shares in the IPO.
[B] How much will WCMC earn from this offering?
[C] find out the total cost [underwriting fees & under pricing] of this issue to WCMC?