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Young Corporation stock currently sells for $ 3 0 per share. There are 1 million shares currently outstanding. The company announces plans to raise $

Young Corporation stock currently sells for $30 per share. There are 1 million shares currently outstanding. The company announces plans to raise $4 million by offering shares to the public at a price of $30 per share.
If the underwriting spread is 5%, how many shares will the company need to issue in order to be left with net proceeds (before other administrative costs) of $4 million?
Note: Do not round intermediate calculations. Round your answer to the nearest whole number.
If the under writing spread is 5% and the other administrative costs are $50,000, what is the dollar value of the total direct costs of the issue?
Note: Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.
If the share price falls by 4% at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect?
Note: Enter your answer in dollars not in millions.

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