An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.30 per share. The offering price was $26.50 per share.

	Your answer is incorrect. Try again.

What were the total proceeds from the common-stock sale? (Round answer to nearest whole dollar, e.g. 5,275.)

Total proceeds

$

LINK TO TEXT

	Your answer is incorrect. Try again.

How much money did the company receive? (Round answer to nearest whole dollar, e.g. 5,275.)

Net proceeds to firm

$

LINK TO TEXT

	Your answer is incorrect. Try again.

How much money did the investment bank receive in fees? (Round answer to nearest whole dollar, e.g. 5,275.)

Underwriting spread

$