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6. A firm desires to sell stock to the public. The underwiter charges 30.45 mimion in fees and offers to buy six milition shares from

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6. A firm desires to sell stock to the public. The underwiter charges 30.45 mimion in fees and offers to buy six milition shares from the firm at a price of $35 per share. In addition. registration and audit fees total $130,000, and marketing and miscellaneous fees add up to another $75,000. The underwriter expects to earn gross proceeds per share of $38. a. What is the issuing firm's out-of-pocket dollar transaction cost to issue the stock? b. Immediately after the stock was issued, the stock priee rose to $40. What is the issuing firm's opportunity cost? c. What is the total issuance cost, including opportunity costs, as a percentage of the total funds available to the issuing firm

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