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13. Incorp has just sold 20 million shares through an IPO offering. The shares were offered at $20.00 a share and all of the shares

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13. Incorp has just sold 20 million shares through an IPO offering. The shares were offered at $20.00 a share and all of the shares were sold. The firm received a total of $422,000,000 for this issue. What was the spread? A. 7.25% B. 5.50% C. 6.25% D. 5.75%

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