Based on the share price, the underwriter's fee, the manager's fee, and the concession, the amount the public pays for the shares is $15 per share.
The company offers the 300,000 shares that it is selling, to the public and says they should pay $15 per share. This is therefore the price that the public will pay per share of the 300,000 offered.
The amount that the company will then get from these shares is
:= (Share price - Manager's fee - underwriter's fee - concession) x number of shares
= (15 - 0.15 - 0.20- 0.65) x 300,000
= $4,200,000
Most companies already anticipate that they will get less than the value of the stock issued thanks to the various expenses incurred such as the manager's fee.
To counteract this, they issue more stock than they need and the additional stock will take care of the expenses.
In conclusion, the public will pay $15 per share.
Find out more on recording stock issuance at https://brainly.com/question/25562729
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