What is the underwriting spread for this issue?

Investment Banking: Cranjet Inc. is issuing 10,000 bonds, and its investment banker has guaranteed a price of $985 per bond. The investment banker sells the entire issue to investors for $10,150,000.

a. What is the underwriting spread for this issue?

b. What is the percentage underwriting cost?

c. How much did Cranjet raise?

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply