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DOA sold 4,400,000 shares in an initial public offering. The underwriter's explicit fees were $48,000. The offering price for the shares was $33.19, but immediately

DOA sold 4,400,000 shares in an initial public offering. The underwriter's explicit fees were $48,000. The offering price for the shares was $33.19, but immediately upon issue, the share price changed to $29.91. How much did DOA raised in funds

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