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ByLine, Incorporated just sold 200,000 shares in a public offering for an offering price of $14 per share.The underwriting fee was 5.00% of the issues
ByLine, Incorporated just sold 200,000 shares in a public offering for an offering price of $14 per share.The underwriting fee was 5.00% of the issues total value based on the offering price. As soon as the shares were issued, the price jumped to $26 per share.
Required:
What are the explicit, implicit, and total costs of the issue? (Round your answer to the nearest dollar.)
a.
b.
c.
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