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A company is planning an IPO of 10 million shares.Each share is expected to sell at $15 per share.The underwriters will charge a 6% spread

A company is planning an IPO of 10 million shares.Each share is expected to sell at $15 per share.The underwriters will charge a 6% spread and incur expenses of $1.5 million.All shares sell at the expected price.Price per share at the end of the first day is $16.50.The current price is$20.How much money was left on the table?

$35 million

$15 million

None of the above

$13.5 million

$50 million

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