Young Corporation stock currently sells for $32 per share. There are one million shares currently outstanding. The company announces plans to raise $5 million by offering shares to the public at a price of $32 per share. a. If the underwriting spread is 5%, how many shares will the company need to issue in order to be left with net proceeds of $5 million? (Round your answer to the nearest whole.) Number of shares b. If other administrative costs are $61,000, what is the dollar value of the total direct costs of the issue? (Round your answer to the nearest dollar.) Dollar value of total direct costs $ c. If the share price falls by 3% at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect? (Round your answer to the nearest dollar.) Dollar value of total direct costs $

Young Corporation stock currently sells for $32 per share. There are one million shares currently outstanding. The company announces plans to raise $5 million by offering shares to the public at a price of $32 per share. a. If the underwriting spread is 5%, how many shares will the company need to issue in order to be left with net proceeds of $5 million? (Round your answer to the nearest whole.) Sumber of shares b. If other administrative costs are $61,000, what is the dollar value of the total direct costs of the issue? (Round your answer to the nearest dollar.) Dollar value of total direct coste s c. If the share price falls by 3% at the announcement of the plans to proceed with a seasoned offering, what is the dollar cost of the announcement effect? (Round your answer to the nearest dollar.) Dollar value of total direct costs 5