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Aurora Metals just sold 2 million shares through an IPO offering. The shares were offered at $23.50 a share and all shares were sold. The

Aurora Metals just sold 2 million shares through an IPO offering. The shares were offered at $23.50 a share and all shares were sold. The firm received a total of $50,200,000 for this issue. What was the spread?

Multiple Choice

5.49%

6.24%

6.40%

6.81%

7.01%

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