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Business, 10.03.2020 00:35 ashl3yisbored

DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $60,000. The offering price for the shares was $40, but immediately upon issue, the share price jumped to $44. a. What is the total cost to DRK of the equity issue?

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DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fe...
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