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An online medical advice company just completed an IPO with an investment bank on a firm - commitment basis. The firm issued million shares of

An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued million shares of common stock, and the underwriting fees were $1.64 per share. The offering price was $23.40 per share. What were the total proceeds from the commin stock sale? How much money did the company receive? How much money did the investment bank receive in fees?

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