Deep Hollow Oil issued 140,000 shares of stock last week, received $23.15 per share, and incurred direct costs of $287,0
Posted: Sun May 29, 2022 6:06 pm
Deep Hollow Oil issued 140,000 shares of stock last week,
received $23.15 per share, and incurred direct costs of $287,000.
The offer price was $29 per share. Within the first hour of
trading, the stock price increased to $34 per share. What was the
flotation cost as a percentage of the funds raised?
Multiple Choice
53.49%
61.14%
49.72%
54.55%
64.47%
received $23.15 per share, and incurred direct costs of $287,000.
The offer price was $29 per share. Within the first hour of
trading, the stock price increased to $34 per share. What was the
flotation cost as a percentage of the funds raised?
Multiple Choice
53.49%
61.14%
49.72%
54.55%
64.47%