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ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 6 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 6 million shares of common stock, and the underwriting fees were $2.28 per share. The offering price was $30.00 per share. (a) What were the total proceeds from the common stock sale? Total Proceeds $ eTextbook and Media Attempts: 0 of 2 used (b) How much money did the company receive? Net Proceeds to Firm $ eTextbook and Media Attempts: 0 of 2 used (c) How much money did the investment bank receive in fees? Underwriting Spread $
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