Homework Answers
| Total cost = 4.7 million | |
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| Please find below the answer | |
| Statement showing Computations | |
| Particulars | Amount |
| Offer Price | 14.74 |
| Underwriting spread | 6.40% |
| No of shares sold | 5,000,000.00 |
| Total Cost = 14.74 *5000,000*6.40% | 4,716,800.00 |
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