An IPO is offered at $5 per share for 3 million shares. The IPO underwriters had a spread of 10%. What was the total fee paid to the underwriters? $1.215 million $560,000 $1.5 million $1.12 million $1.8 million An IPO is offered at $12.50 per share for 4 million shares. The IPO underwriters had a spread of 6.5%. What price did the underwriters pay per share? $11.69 0 $12.14 $10.50 $11.50 KD $6.50