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crimeas [40]
3 years ago
8

The Boat Works decided to go public by offering a total of 135,000 shares of common stock to the public. The company hired an un

derwriter who arranged a firm commitment underwriting and an initial selling price of $24 a share with a spread of 8.3 percent. As it turned out, the underwriters only sold 122,400 shares to the public. What is the amount paid to the issuer
Business
1 answer:
Alex787 [66]3 years ago
7 0

Answer:

The amount paid to the issuer is $2,971,080.

Explanation:

The total number of shares is 135,000.

Though only 122,400 shares are sold to the public.

The initial selling price is $24.

The spread percentage is given at 8.3%.

The amount paid to the issuer will be

=Total number of shares*Initial selling price (1-spread)

=135,000*24*(1-0.083)

=135,000*24*0.917

=2,971,080

So, the amount paid to the issuer is $2,971,080.

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Feliz [49]
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D. City residents will support mayoral candidates who propose increasing the size of the police force.</span><span>
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8 0
3 years ago
Read 2 more answers
a 12oupon bond, semiannual payments, is callable in 3 years. the call price is $1,120; if the bond is selling today for $1,110,
charle [14.2K]

Based on the coupon rate, the call price and the selling price, the yield to call is 11.06%.

<h3>How is the yield to call found?</h3>

The formula to find it is:

= (Coupon + (Call price - Current price) / Number of periods ) / ( (Call price + Current price) / 2 ) x 2

Solving gives:

=( (12%/2  x 1,000) + (1,120 - 1,110) / 6 semi annual periods ) ) / ( (1,120 + 1,110) / 2) x 2

= (61.667 / 1,115) x 2

= 11.06%

Find out more on the yield to call at brainly.com/question/14801120.

#SPJ12

7 0
1 year ago
An employee at a company is suffering from severe back injury, which is a covered disability. The employee comes to know of a va
lana [24]

Answer:

The correct option is B.

Explanation:

The Americans with Disabilities Act (ADA) was passed in 1990, and it was passed with the intention of putting an end to discrimination based on a disability.

From the scenario given above, the Americans with Disabilities Act (ADA) covers the employee. Therefore, the employee must not be discriminated against in relation to a vacant position in the company, provided he/she is qualified.

We can see from the options provided, that options A, C, and D possess some form of discrimination, and only option B has no form of discrimination, rather it considers that the employee can apply for an open position as long as he/she is qualified.

6 0
2 years ago
Define economic profit. Explain how economic profit is different than accounting profit. Why is it important for economists to m
saul85 [17]

Answer:

a. Economic profit is the excess of revenue over both opportunity (implicit) and explicit costs.  Explicit costs are the cost of all inputs used.

b. The difference between economic profit and accounting profit is that in calculating economic profit, both the explicit costs and the implicit or opportunity costs are deducted from the revenue.  Whereas, in computing the accounting profit, only the explicit costs are deducted from the revenue.

c. Economists measure economic profit rather than accounting profit because economists believe that the real cost of an output includes the economic or opportunity cost (potential benefits lost as a result of the course of action chosen).

Explanation:

Opportunity cost is the implicit cost incurred, which is equal to the potential benefits lost by an individual or a business, when an alternative is chosen instead of the other alternative.  It is an important concept in the computation of economic profit.  The concept ensures that both implicit and explicit costs are considered when determining the profits generated by a business.

3 0
3 years ago
Which organization provides leadership for the federal reserve system? board of governors congress department of the treasury fe
Setler79 [48]
<span>It is the organization, the Board of Governors, a federal government agency, which provides to the Federal Reserve System its leadership. The Board of Governors is made up of seven members which have been U.S.President-appointed as well as confirmed by the United States Senate.</span>
4 0
3 years ago
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