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The Fitness Studio, Inc., with the help of its investment bank, recently issued 2.2 million shares of new stock. The offer price on the stock was $23.50 per share and The Fitness Studio received a total of $49,115,000 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?

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Financial Management, Finance

Category:- Financial Management
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