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Business, 29.01.2021 04:10 tnbankspines

Barnegat Light sold 190,000 shares in an initial public offering. The underwriter's explicit fees were $68,000. The offering price for the shares was $38, but immediately upon issue, the share price jumped to $45. What is the best estimate of the total cost to Barnegat Light of the equity issue? Multiple Choice $68,000 $1,262,000 $1,398,000 $1,330,000

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Barnegat Light sold 190,000 shares in an initial public offering. The underwriter's explicit fees we...
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