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An IPO is offered at $8 per share for 2 million shares. The IPO underwriters had a spread of 7%. What was the total fee

An IPO is offered at $8 per share for 2 million shares. The IPO underwriters had a spread of 7%. What was the total fee paid to the underwriters? $1.215 million $560,000 $1.5 million O $1.12 million $1.8 million

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