13.25

Problem 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 $2.40 per share. The offering price was $27.80 per share. What were the total proceeds from the common-stock sale? (Round answer to nearest whole dollar, e.g. 5,275.) Total proceeds s LINK TO TEXT How much money did the company receive? (Round answer to nearest whole dollar, e.g. 5,275) Net proceeds to firm s 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 s