Draiman Guitars is offering 85,000 shares of stock in an IPO by a general cash...

80.2K

Verified Solution

Question

Finance

Draiman Guitars is offering 85,000 shares of stock in an IPO by a general cash offer. The offer price is $34 per share and the underwriter's spread is 8 percent. The administrative costs are $325,000. What are the net proceeds to the company?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students