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ByLine, Inc. just sold 800,000 shares in a public offering for an offering price of $26 per share. The underwriting fee was 8.00% of the

ByLine, Inc. just sold 800,000 shares in a public offering for an offering price of $26 per share. The underwriting fee was 8.00% of the issues total value based on the offering price. As soon as the shares were issued, the price jumped to $38 per share.

What are the explicit, implicit, and total costs of the issue?

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