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ABC Co 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 Co 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 $3.69 per share. The offering price was $30.00 per share. What were the total proceeds from the common stock sale? Total Proceeds $ e Textbook and Media Save for later Attempts: 0 of 2 used Submit Answer (b) How much money did the company receive? Net Proceeds to Firm $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit Answer Ic How much money did the investment bank receive in fees? Underwriting Spread $ e Textbook and Media Save for Later Attempts: 0 of 2 used Submit AAC
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