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ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 4 million shares of common stock, and the

ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 4 million shares of common stock, and the underwriting fees were $2.66 per share. The offering price was $30.00 per share.

(b) How much money did the company receive?

Net Proceeds to Firm $Type your answer here

Underwriting Spread

$Type your answer here

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