Question: Beth's Baths needs $4 million to open a new retail outlet. The company estimates the issue costs including the legal and accounting fees will be

Beth's Baths needs $4 million to open a new retail outlet. The company estimates the issue costs including the legal and accounting fees will be $280,000. The underwriters have set the stock price at $23 a share and the underwriting spread at 8 %. How much money will Beth's have to raise in this offering?

Question 26 options:

$4,622,400

$4,320,000

$4,347,826

$4,652,174

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