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ABC Co just completed an IPO with an investment bank on a firm commitment basis. The firmissues 5 million shares of common stock, and the

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ABC Co just completed an IPO with an investment bank on a firm commitment basis. The firmissues 5 million shares of common stock, and the underwriting fees were $3.25 per share. The offering price was $30.00 per share. How much money did the company receive? Net Proceeds to Firm $ How much money did the investment bank receive in fees? Underwriting Spread $

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