Question 18 60 pts Misfit inc. sold 5,500,000 shares in an initial public offering. The...
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Question 18 60 pts Misfit inc. sold 5,500,000 shares in an initial public offering. The underwriter's explicit fees were $67,000. The offering price for the shares was $57.81, but immediately upon issue, the share price jumped to $63.29. What is the best estimate of the total cost of the equity issue? Enter your answer in dollars with 2 decimals, but do not use the
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