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 olfering
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 olfering price was $46.50 per share, and the stock rose lo $52.08 per share in the first few minutes of trading Advantage incurred $3,720,000 in direct legal and other cosis and $1,488,000 in indirect costs. What is the total amount of direct costs? Select one a $18,546,000 b. $30,000,000 c $33,720,000 d $52,034,000 e. $57,288,000
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