Question: * Your answer is incorrect. Sandhill Biotech management plans a $125 million IPO in which the offering price to the public will be $50

* Your answer is incorrect. Sandhill Biotech management plans a $125 million

* Your answer is incorrect. Sandhill Biotech management plans a $125 million IPO in which the offering price to the public will be $50 per share. The company will receive $47.50 per share. The firm's legal fees, SEC registration fees, and other out-of-pocket costs will total $560,000. If the stock price increases 14 percent on the first day of trading, what will be the total cost of issuing the securities? Total cost $ 18421053

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