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

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The Fitness Studio, Inc., with the help of its investment bank, recently issued 1.9 million shares of new stock. The offer price on the stock was $18.00 per share and The Fitness Studio received a total of $31,806,000 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.:- M92414507

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