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Business, 20.07.2020 01:01 roman2328

DRK, Inc., has just sold 100,000 shares in an initial public offering. The underwriter’s explicit fees were $54,000. The offering price for the shares was $38, but immediately upon issue, the share price jumped to $40. a. What is your best guess as to the total cost to DRK of the equity issue?b. Is the entire cost of the underwriting a source of profit to the underwriters?

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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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