Check 4. DRK, Inc., has just sold 50,000 shares in an initial public offering. The underwriter's explicit fees were $30,000. The offering price for the shares was $70, but immediately upon issue, the share price jumped to $71.00 133 points a. What is the total cost to DRK of the equity issue? eBook Total cost Pries b. Is the entire cost of the underwriting a source of profit to the underwriters? Yes O No