Your investment bankers price your IPO at $15.12 per share for 10.6 million shares. If the price at the end of the first day of trading is $16.97 per? share,
a. what was the percentage? underpricing?
b. how much money did the firm miss out on due to? underpricing?
a. what was the percentage? underpricing?
As a percent of the offering? price, the underpricing is ?%. ?(Round to one decimal? place.)