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Worldcom is investigating raising equity financing. What percentage of total funds raised do direct expense represent if to market stock the issuer incurs $1 million

Worldcom is investigating raising equity financing. What percentage of total funds raised do direct expense represent if to market stock the issuer incurs $1 million in other expenses to sell 3 million shares at $34 each to an underwriter and the underwriter sells the shares at $40 each?

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