Harperrsquos dog pens inc with the help of its investment, Ask an Expert

Finance

Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued 9.0 million shares of new stock. The offer price on the stock was $12.70 per share and Harper’s received a total of $110.70 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?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92842052

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