Problem 1 Fitbit, Inc. went public in June 2015. Please fill in the following figures and analyze their after- market price performance. (Please refer to Bloomberg, Yahoo Finance, or any financial news source to find historical prices.) Date Offer Price $20 FIT Market Price S&P 500 2100.44 6/18/15 29.68 2121.24 6/19/15 36.48 2109.99 6/22/15 40.55 2122.85 6/23/15 40.17 2124.2 6/24/15 40.48 2108.58 6/25/15 38.9 2102.31 7/20/15 44.95 2128.28 10/19/15 29.86 2033.66 1/19/16 27.9 1881.33 4/15/16 13.2 2082.78 6/17/16 14.12 2071.22
Problem 1 Fitbit, Inc. went public in June 2015. Please fill in the following figures and analyze their after- market price performance. (Please refer to Bloomberg, Yahoo Finance, or any financial news source to find historical prices.) Date Offer Price $20 FIT Market Price S&P 500 2100.44 6/18/15 29.68 2121.24 6/19/15 36.48 2109.99 6/22/15 40.55 2122.85 6/23/15 40.17 2124.2 6/24/15 40.48 2108.58 6/25/15 38.9 2102.31 7/20/15 44.95 2128.28 10/19/15 29.86 2033.66 1/19/16 27.9 1881.33 4/15/16 13.2 2082.78 6/17/16 14.12 2071.22
Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter14: Distributions To Shareholders: Dividend And Share Repurchases
Section: Chapter Questions
Problem 4DQ
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