Calculate the net proceeds per share

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Reference no: EM131610708

Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued 8.9 million shares of new stock. The offer price on the stock was $13.40 per share and Harper’s received a total of $115.70 million from the stock offering.

Calculate the net proceeds per share and the underwriter's spread per share on the stock offering. (Round your answers to 2 decimal places.)

Net proceeds $ per share

Underwriter’s spread $ per share

What percentage of the gross proceeds is the investment bank charging Harper’s Dog Pens for underwriting the stock issue? (Round your answer to 2 decimal places.)

Percent underwriting spread %

Reference no: EM131610708

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