RMP Ltd issues a $80 million IPO and the offering price to the public is...
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RMP Ltd issues a $80 million IPO and the offering price to the public is $5 per share. It is already given that the underwriting cost (i.e., underwriter's spread) is $1.10 per share. The company's legal fees, ASIC registration fees, and other administrative costs are $270,000. The company's share price increases by 10 percent on the first day. What is the company's total cost of issuing the securities?
a - $13600000
b - $25870000
c - $19000000
d - $17100000
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