Calculate the net proceeds per share and underwriter spread

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Reference no: EM131583779

Harper’s Dog Pens, Inc., with the help of its investment bank, recently issued 8.7 million shares of new stock. The offer price on the stock was $13.20 per share and Harper’s received a total of $107.88 million from the stock offering. Calculate the net proceeds per share and the underwriter's spread per share on the stock offering.

Net Proceeds____

Underwriter spread____

(Round your answers to 2 decimal places.)

What percentage of the gross proceeds is the investment bank charging Harper’s Dog Pens for underwriting the stock issue?

Reference no: EM131583779

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