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ALC wants to finance its expansion into new markets and has decided to sell 151441 new shares of equity. The offer price will be 525

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ALC wants to finance its expansion into new markets and has decided to sell 151441 new shares of equity. The offer price will be 525 per share the accounting and legal fees are expected to be $464,381. and the company's underwriters will charge a spread of 4.8 percent. How much will ALC received in net proceeds

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