The wiley oakley co has just gone public under a firm, Ask an Expert

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The Wiley Oakley Co. has just gone public. Under a firm commitment agreement, the company received $20.95 for each of the 6.58 million shares sold. The initial offering price was $22.80 per share, and the stock rose to $29.31 per share in the first few minutes of trading.

The company paid $908,000 in legal and other direct costs and $183,000 in indirect costs. What was the flotation cost as a percentage of funds raised?

Flotation cost percentage %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93044568

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