Business, 08.01.2020 03:31 makiyabattles
The sugarland co. has just gone public. under a firm commitment agreement, the company received $32.70 for each of the 4.17 million shares sold. the initial offering price was $35.10 per share, and the stock rose to $42.40 per share in the first few minutes of trading. the company paid $912,000 in legal and other direct costs and $264,000 in indirect costs. what was the flotation cost as a percentage of funds raised?
Answers: 2
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Melissa is a very generous single woman. before this year, she had given over $11,400,000 in taxable gifts over the years and has completely exhausted her applicable credit amount. in the current year, melissa gave her daughter riley $100,000 and promptly filed her gift tax return. melissa did not make any other gifts this year. how much gift tax must riley pay the irs because of this transaction?
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The sugarland co. has just gone public. under a firm commitment agreement, the company received $32....
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