You are negotiating with your underwriters in a firm commitment offering of 11 million primary...
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Accounting
You are negotiating with your underwriters in a firm commitment offering of 11 million primary shares. You have two options: set the IPO price at $24.00 per share with a spread of 7%, or set the price at $23.30 per share with a spread of 4%. Which option raises more money for your firm? The net price to the firm of the first option is $. (Round to the nearest cent.) The net price to the firm of the second option is $. (Round to the nearest cent.) The option raises more money for your firm. (Select from the drop-down menu.)
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