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A company is going public with an offering price of $22 per share. The gross spread is 7 percent. The company plans on issuing 5

A company is going public with an offering price of $22 per share. The gross spread is 7 percent. The company plans on issuing 5 million shares. How much money will the company raise in the offering? Do not round intermediate calculations. Round your answer to the nearest dollar.

$

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