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Business, 12.02.2021 04:00 hiitslillyhere

Firm XYZ just sold 50,000 shares of stock in an IPO at $30. Immediately after listing, the stock price jumped to $35. The underwriter's fees were $50,000. What was the total cost of the issue, including both the underwriting fees as well as the implicit costs of the underpricing? Do not include the dollar sign in your final answer

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