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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 five million shares of common

An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.60per share. The offering price was $24.70per share.

What were the total proceeds from the common-stock sale?

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