Business, 25.01.2021 20:30 harleymichaelbp74jsq

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? b. Is the entire cost of the underwriting a source of profit to the underwriters? multiple choice Yes No

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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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