The fitness studio inc with the help of its investment bank, Ask an Expert

Finance

The Fitness Studio, Inc., with the help of its investment bank, recently issued 3.4 million shares of new stock. The offer price on the stock was $16.50 per share and The Fitness Studio received a total of $52,173,000 through this stock offering.

Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 3 decimal places.)

Net proceeds $ ____ per share

Underwriter’s spread $ ____ per share

What percentage of the gross price is the investment bank charging The Fitness Studio for underwriting the stock issue?

Percent underwriting spread ___%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91597676

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