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A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $22.30; however, many investors believe the

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A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $22.30; however, many investors believe the company should be valued at $27.35 per share. If the underwriter charges a $3.9 million fee to undertake the IPO, how much will the firm raise in the IPO? $21910000O. $269600000. $223000000. $273500000

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