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ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 5 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 5 million shares of common stock, and the underwriting fees were $3.14 per share. The offering price was $30.00 per share.

(a)

What were the total proceeds from the common stock sale?

Total Proceeds

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