[The following information applies to the questions displayed below.] A company wants to raise $420 million in a new stock issue. Its investment banker indicates that the sale of new stock will require 7 percent underpricing and a 6 percent spread. (Hint: the underpricing is 7 percent of the current stock price, and the spread is 6 percent of the issue price.) Assume the company's stock price does not change from its current price of $67 per share prior to underpricing. What would be the issue price to the public after underpricing? Multiple Choice $58.29 $62.31 $62.98 $72.02 $71.69