Calculating Costs of Issuing Stock River Valley Corp.recently went public with an initial public offering in which they received a total of $40 million in new capital funding.The underwriter used a firm commitment offering in which the offer price was $10 and the underwriter's spread was $0.50.River Valley also paid legal and other administrative costs of $750,000 for the IPO.What is the number of shares issued through this IPO?
A)3,925,000
B)4,131,579
C)4,075,000
D)4,289,474

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The Answer of Calculating Costs of Issuing Stock River Valley Corp.recently went public with an initial public offering in which they received a total of $40 million in new capital funding.The underwriter used a firm commitment offering in which the offer price was $10 and the underwriter's spread was $0.50.River Valley also paid legal and other administrative costs of $750,000 for the IPO.What is the number of shares issued through this IPO?
A)3,925,000
B)4,131,579
C)4,075,000
D)4,289,474