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Business, 24.07.2020 19:01 vanessacasillas452

XYZ, Inc. just sold 700,000 shares in a public offering for an offering price of $24 per share. The underwriting fee was 7.50% of the issue’s total value based on the offering price. As soon as the shares were issued, the price jumped to $36 per share. What are the explicit, implicit, and total costs of the issue?

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XYZ, Inc. just sold 700,000 shares in a public offering for an offering price of $24 per share. The...
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