4. The value f issue is the quantity of shares multiplied by the price of each share.
25,000 shares x $9.20 = $230,000.
The answer is b.$230,000
5. Total selling expense would be the commission plus all the fees.
Multiply the value of issue by the commission percentage and then add the other costs.
230,000 x 0.065 = 14,950
14,950 + 1,985 = $16,935
The answer is a. $16,935
6. Divide the total selling expense by the number of shares:
750,000 / 900,000 = 0.83
The answer is d. $0.83
