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A company needs to raise $1,800,000 (this is the gross amount before any cost comes off)...

A company needs to raise $1,800,000 (this is the gross amount before any cost comes off) for a business expansion. The company decides to issue shares to the market at $6 per share. The shares are underwritten at $4.8 per share. The out-of-pocket expenses are $150,000 in total. The market share price increased by 15% right after the IPO.

a) Calculate the number of shares sold in the share offering. Do not include the unit. Do not use comma separators. E.g. 123456 (1 mark)

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b) Calculate the total underwriting spread in dollars. Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456 (1 mark)

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c) Calculate the total underpricing of all shares sold in the share offering. Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456 (1 mark)

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d) Calculate the total cost for the IPO. Round your answer to the nearest dollar. Do not include the $ symbol. Do not use comma separators. E.g. 123456 (1 mark)

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