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A firm is making an initial public offering. The investment bankers agree to a firm-commitment underwriting for 470,000 shares that would be priced to the

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A firm is making an initial public offering. The investment bankers agree to a firm-commitment underwriting for 470,000 shares that would be priced to the public at $37 per share. The underwriter's spread is 7 percent. What will be the proceeds for the issuer and the underwriter? Proceeds for the issuer Proceeds for the underwriter Click if you would like to Show Work for this question: Open Show Work

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