Superman Enterprises has just completed an initial public offering. The firm sold 4,750,000 new shares at an offer price of $13.50 per share. The underwritering spread was $1.46 a share. The firm incurred $175,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread? 6935000 Correct response: 6,935,000 Click "Verity" to proceed to the next part of the question. Suppose that on the first day of trading, the price of Superman's stock is $16.40 per share. What is the cost to the firm from the underpricing? Number Click "Verity" to proceed to the next part of the