Calculating Flotation Costs The Green Hills Co. hasjust gone public. Under a firm commitment agreement, Green Hills received $22.10 for each of the 8 million shares sold. The initial offering price was $24 per share, and the stock rose to $29.50 per share in the first few minutes of trading. Green Hills paid $950,000 in direct legal and other costs and $250,000 in indirect costs. What was the flotation cost as a percentage of funds raised?
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.