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Myriad Biotech plans a $104 million IPO in which the offering price to the public will be $51 per share. The company will receive $43 per share. The firm's legal fees, SEC registration fees, and other out-of-pocket costs will total $687,500. If the stock price increases 14 percent on the first day of trading, what will be the total cost of issuing the securities?

Reference no: EM13390883

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