What is the total cost to drk of the equity issue

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Reference no: EM132384615

DRK, Inc., has just sold 70,000 shares in an initial public offering. The underwriter's explicit fees were $42,000. The offering price for the shares was $66, but immediately upon issue, the share price jumped to $69.00.

a. What is the total cost to DRK of the equity issue?

Reference no: EM132384615

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