Question: Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $43.50 for each of the 10 million shares sold. The initial offering
Advantage Corp. has just gone public. Under a firm commitment agreement, Advantage received $43.50 for each of the 10 million shares sold. The initial offering price was $46.50 per share, and the stock rose to $52.08 per share in the first few minutes of trading. Advantage incurred $3,720,000 in direct legal and other costs and $1,488,000 in indirect costs. What is the total amount of indirect costs? Select one: a. $18,546,000 b. $57,288,000 c. $30,000,000 d. $52,034,000 e. $33,720,000
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