Assume an issuer incurs $1 million in other expenses to sell 2 million shares at $40 each to an underwriter and the underwriter sells the shares at $43 each. By the end of the first day's trading, the issuing company's stock price had risen to $70. In percentage terms, how much of the day's closing market value was absorbed by the total costs associated with the issue? 13.33% 23.33% O 43.57% 43.33%