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An IPO is offered at $6.75 per share for 2 million shares. The IPO underwriters had a spread of 9%. What proceeds did the firm

An IPO is offered at $6.75 per share for 2 million shares. The IPO underwriters had a spread of 9%. What proceeds did the firm receive from the IPO? $46.75 million $12.29 million $6.44 million $13.50 million $14.80 million

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