Problemsuppose a biotech company in boston massachusetts, Ask an Expert

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Problem:

Suppose a biotech company in Boston, Massachusetts, completes an $86 million IPO priced to the public at $75 per share. The firm receives $72 per share and the out-of-pocket expenses are $491,500. The stock's closing price at the end of the first day is $84.

Required:

Question: What is the total cost to the firm of issuing the securities?

Note: Explain in detail and show all computations in proper way.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91167667

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