13.25

An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.60 per share. The offering price was $27.10 per share.

What were the total proceeds from the common-stock sale?(Round answer to nearest whole dollar, e.g. 5,275.)

Total proceeds

$

LINK TO TEXT

How much money did the company receive?(Round answer to nearest whole dollar, e.g. 5,275.)

Net proceeds to firm$

LINK TO TEXT

How much money did the investment bank receive in fees?(Round answer to nearest whole dollar, e.g. 5,275.)

Underwriting spread$