Match Group went public in November 2018. The company sold 19,833,333 shares at $15.2 per share. The underwriting spread was $2.26 a share, and the direct expenses were $0.37 a share. a. What was the percentage underwriting spread? (Enter your answer as a percent rounded to 1 decimal place.) Underwriting spread percentage b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Company raised c. On its first day of trading the stock closed at $19.54. Calculate the total dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.)

Match Group went public in November 2018. The company sold 19,833,333 shares at $15.2 per share. The underwriting spread was $2.26 a share, and the direct expenses were $0.37 a share. a. What was the percentage underwriting spread? (Enter your answer as a percent rounded to 1 decimal place.) Underwriting spread percentage b. How much did the company raise after all expenses? (Enter your answer in dollars not millions. Round your answer to the nearest dollar.) Company raised c. On its first day of trading the stock closed at $19.54. Calculate the total dollar cost of underpricing. (Enter your answer in dollars not millions. Round your answer to the nearest dollar.)

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

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(Market value analysis) Lei Materials' balance sheet lists total assets of $1.17 billion, $197 million in current liabilities, $435 million in long-term debt, $538 million in common equity, and 50 million shares of common stock. If Lei's current stock price is $54.48, what is the firm's market-to-book ratio? The market-to-book ratio is (Round to two decimal places.)
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The market value of G's common stock was P20 per share at December 31, 2010, and P27 per share at December 31, 2011. The cost method is used to record treasury shares transactions. What account(s) should G credit in 2011 to record the sale of 3,000 shares? Group of answer choices A. Treasury Shares for P81,000 B. Treasury Shares for P60,000 and Retained Earnings for P21,000 C. Treasury Shares for P72,000 and Retained Earnings for P9,000 D. Treasury Shares for P60,000 and APIC from Treasury Share for P21,000

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