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10. Bank AMZ raised 50 million in an initial public offering (IPO) at an offer price of 20 per share underwritten at 19 per share.

10. Bank AMZ raised 50 million in an initial public offering (IPO) at an offer price of 20 per share underwritten at 19 per share. Legal fees and registration costs are 2.4 million. Its share price rises by 10% on the first day of trading. Calculate the total cost of the IPO issuance. A. 4.9 million B. 7.4 million C. 7.5 million D. 9.9

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