Home Insert Draw Page Layout Formulas Data Review View Tell me X Aria v 16 ' ' Wrap Text Paste BIU v V a. Av Merge & Center % Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. fx ? 011 A F G H 2 D 1 Question 1: ABC, Inc., has just sold 500,000 shares in an initial public offering. The underwriter's fee were $200,000. Thi Shares sold 500,000 Underwriter fees $ 200,000 Offering price $ 20.00 Post issue price $ 25.00 3 4 5 6 7 8 a. What is your estimate of the total cost to ABC of the equity issue? (3 points) 9 10 11 Explicit costs = Implicit costs = Total issue cost = $200,000 ? ? 12 13 14 15 16 17 18 19 20 22 23 25 26 22 28 30 31 Instruction Question 1 Question 2 + already owns often implicit costs are resources contri