High mountain gear issued 385,000 shares of stock last week. the underwriters charged a spread of 7.2 percent in exchange for agreeing to a firm commitment. the legal and accounting fees were $302,000. the company incurred $39,000 in indirect costs. the offer price was $17 a share. within the day of trading, the stock was selling for $18.80 a share. what was the flotation cost as a percentage of the funds raised?

Power plants that rely on coal increase the amount of sulfur dioxide that dissolves into the air, eventually increasing the acidity of precipitation. the higher acidity of rain and snow can damage forests by making it more difficult for plants to absorb minerals from the soil. the equations below provide information about the market demand and supply of electricity. there is a constant marginal external cost of $25 per unit of electricity.d: qd= 200 – 2ps: qs=p – 10what quantity of electricity satisfies allocative efficiency in this market? a. 60b. 70c. 50d. 43.3