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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 398 Weeks Ago, 1 Day Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Calculating Flotation Costs. Swan Songs Ltd has just gone public. Under a firm-commitment agreement, Swan Songs received $19 for each of the 6.5 million shares sold. The initial offering price was $21.25 per share, and the share price rose to $26.45 in the first few minutes of trading. Swan Songs paid $900 000 in legal and other direct costs, and $175 000 in indirect costs. What was the flotation cost as a percentage of funds raised?
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