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Best estimate of the total cost to memphis corp

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Reference no: EM132710120

Memphis inc. sold? $150,000 shares in an IPO. The? underwriter's explicit fees were? $60,000. The offering price for the shares was? $30, but immediately upon? issue, the share price jumped to 42. What is the best estimate of the total cost to Memphis Corp. of the equity? issue?

Reference no: EM132710120

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