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A company is planning on going public. Under the underwriting agreement the underwriting discount is 7.25%. If the offering price of the stock is set

A company is planning on going public. Under the underwriting agreement the underwriting discount is 7.25%. If the offering price of the stock is set at $12.50 per share, what is the per share proceeds that Bavarian will receive?

$11.59

$10.67

$13.41

$12.50

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