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Batman Enterprises has just completed an initial public offering. The firm sold 3,050,000 new shares at an offer price of $11.00 per share. The underwritering

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Batman Enterprises has just completed an initial public offering. The firm sold 3,050,000 new shares at an offer price of $11.00 per share. The underwritering spread was $0.77 a share. The firm incurred $350,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread? Number Click "Verify" to proceed to the next part of the

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