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 total percentage costs of the IPO (underwriting and underpricing) ?
A) 35.7%
B) 14.3%
C) 18.8%
D) 21.4%
Correct Answer:
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