Smith Enterprises
Smith Enterprises recently conducted an IPO. In this, Smith received $14 per share from the underwriter, the offering price per share was $16 and the stock price rose to $19 on the first day of trading.
-Refer to Smith Enterprises.What is the underwriter's discount?
A) 14.3%
B) 12.5%
C) 16.3%
D) 10.2%
Correct Answer:
Verified
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