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Draiman guitars is offering 150,000 shares of stock in an IPO by a general cash offer. The offer price is $20 per share and the

Draiman guitars is offering 150,000 shares of stock in an IPO by a general cash offer. The offer price is $20 per share and the underwriters spread is 6.5% the administrative costs are $390,000. What are the net proceeds to the company?

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