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ByLine, 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
ByLine, 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 issues 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? (Round your answer to the nearest dollar.)
a. Explicit cost $
b. Implicit cost $
c. Total cost $
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