Young Corporation stock currently sells for $20 per share There are 1 million shares currently outstanding The company announces plans to raise $2 million by offering shares to the public at a price of $20 per share. a. If the underwriting spread is 45%, how many shares will the company need to issue in order to be left with net proceeds of $2 million? b. other administrative costs are $30 000, what is the dollar value of the total direct costs of the issue? C. If the share price fails by 2% at the announced of the plans to precede with a seasoned offering what is the dollar cost of the announcement effect