Home / Questions / The Green Hills Co has just gone public Under a firm commitment agreement Green Hills rece...

The Green Hills Co has just gone public Under a firm commitment agreement Green Hills received $1760 for each of the 10 million shares sold The initial offering price was

The Green Hills Co. has just gone public. Under a firm commitment agreement, Green Hills received $17.60 for each of the 10 million shares sold. The initial offering price was $18.20 per share, and the stock rose to $22.50 per share in the first few minutes of trading. Green Hills paid $720,000 in direct legal and other costs and $260,000 in indirect costs.

What was the flotation cost as a percentage of funds raised? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Flotation cost

Apr 04 2020 View more View Less

Answer (Solved)

question Subscribe To Get Solution

Related Questions

Differentiate Public and Private Accounting?

Differentiate Public and Private Accounting?
May 29 2021
DETAILS SCALCET8M 2.6.518.XP. Find the limit, if it exists. (If an answer does not exist, enter DNE.) 12 + 5 lim 2013 + 2 - 1 Submit Answer

DETAILS SCALCET8M 2.6.518.XP. Find the limit, if it exists. (If an answer does not exist, enter DNE.) 12 + 5 lim 2013 + 2 - 1 Submit Answer
Jun 05 2021
The ability to spot problems before they turn into serious risks is prized by most managers. Drawing on your internship and work experience, can you identify a problem that could be solved with a

The ability to spot problems before they turn into serious risks is prized by most managers. Drawing on your internship and work experience, can you identify a problem th...
Aug 22 2021
Consider an implementation of the array list ADT using a dynamic array but instead of copying the elements into an array of double the size that is from N to 2N when its capacity is reached we

Consider an implementation of the array list ADT using a dynamic array, but instead of copying the elements into an array of double the size (that is, from N to 2N) when ...
Jun 13 2020
What is the Civil Rights Act of 1964 and whom does it protect?

What is the Civil Rights Act of 1964 and whom does it protect? >
May 20 2020
What is the characteristics of a perfectly competitive market b Using the concepts in Part a above decide on the type of market structure for the following

What is the characteristics of a perfectly competitive market.b) Using the concepts in Part (a) above, decide on the type of market structure for the following: (6 marks)...
Feb 07 2020
A speed governor consists of a block of mass m that slides within a smooth groove in a turntable that rotates about its center point O at angular speed Ω The identical opposing springs whose

A speed governor consists of a block of mass m that slides within a smooth groove in a turntable that rotates about its center point O at angular speed Ω. The identical o...
Jun 16 2020
Many factors, such as a greater availability of resources, an improvement in the quality of resources, technological change that makes better use of resources, and improvements in the rules of the

Many factors, such as a greater availability of resources, an improvement in the quality of resources, technological change that makes better use of resources, and improv...
Aug 21 2021
John Johnson is the majority stockholder in Johnson's Landscape Company, owning 52% of the..

John Johnson is the majority stockholder in Johnson's Landscape Company, owning 52% of the company's stock. John asked his accountant to prepare a capital investment anal...
Apr 13 2020
In 1980, the Chairman of the Fed Paul Volker was faced with an unusual economic problem. What was it? Explain how he handled it during the early 1980s.

In 1980, the Chairman of the Fed Paul Volker was faced with an unusual economic problem. What was it? Explain how he handled it during the early 1980s.
Aug 19 2021

Create an Account

Sign in to your account

Forgot Your Password ?

The Green Hills Co has just gone public Under a firm commitment agreement Green Hills received $1760 for each of the 10 million shares sold The initial offering price was

Answer (Solved)

Related Questions

Differentiate Public and Private Accounting?

DETAILS SCALCET8M 2.6.518.XP. Find the limit, if it exists. (If an answer does not exist, enter DNE.) 12 + 5 lim 2013 + 2 - 1 Submit Answer

The ability to spot problems before they turn into serious risks is prized by most managers. Drawing on your internship and work experience, can you identify a problem that could be solved with a

Consider an implementation of the array list ADT using a dynamic array but instead of copying the elements into an array of double the size that is from N to 2N when its capacity is reached we

What is the Civil Rights Act of 1964 and whom does it protect?

What is the characteristics of a perfectly competitive market b Using the concepts in Part a above decide on the type of market structure for the following

A speed governor consists of a block of mass m that slides within a smooth groove in a turntable that rotates about its center point O at angular speed Ω The identical opposing springs whose

Many factors, such as a greater availability of resources, an improvement in the quality of resources, technological change that makes better use of resources, and improvements in the rules of the

John Johnson is the majority stockholder in Johnson's Landscape Company, owning 52% of the..

In 1980, the Chairman of the Fed Paul Volker was faced with an unusual economic problem. What was it? Explain how he handled it during the early 1980s.

Subject Categories