An online medical advice company just completed an IPO with an investment bank on a firm- commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.20 per share. The offering price was $27.60 per share. (a) Your answer is correct. What were the total proceeds from the common-stock sale? Total proceeds $ 138.000,000 eTextbook and Media Attempts: 2 of 3 used (b) How much money did the company receive? Net proceeds to firm $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
An online medical advice company just completed an IPO with an investment bank on a firm- commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.20 per share. The offering price was $27.60 per share. (a) Your answer is correct. What were the total proceeds from the common-stock sale? Total proceeds $ 138.000,000 eTextbook and Media Attempts: 2 of 3 used (b) How much money did the company receive? Net proceeds to firm $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![An online medical advice company just completed
an IPO with an investment bank on a firm-
commitment basis. The firm issued five million
shares of common stock, and the underwriting
fees were $2.20 per share. The offering price was
$27.60 per share.
(a)
Your answer is correct.
What were the total proceeds from the
common-stock sale?
Total proceeds $
138.000,000
eTextbook and Media
Attempts: 2 of 3 used
(b)
How much money did the company receive?
Net proceeds to firm $
eTextbook and Media
Save for Later
Attempts: 0 of 3 used Submit Answer
(c)
The parts of this question must be completed in
order. This part will be available when you
complete the part above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97d98f47-6280-4f7a-8fcb-cadbd8eeaeb7%2Ff31e16be-b3c9-4863-bab5-5f33106d092b%2Flisdsw5_processed.png&w=3840&q=75)
Transcribed Image Text:An online medical advice company just completed
an IPO with an investment bank on a firm-
commitment basis. The firm issued five million
shares of common stock, and the underwriting
fees were $2.20 per share. The offering price was
$27.60 per share.
(a)
Your answer is correct.
What were the total proceeds from the
common-stock sale?
Total proceeds $
138.000,000
eTextbook and Media
Attempts: 2 of 3 used
(b)
How much money did the company receive?
Net proceeds to firm $
eTextbook and Media
Save for Later
Attempts: 0 of 3 used Submit Answer
(c)
The parts of this question must be completed in
order. This part will be available when you
complete the part above.
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