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Draiman Guitars is offering 155,000 shares of stock in an IPO by a general cash offer. The offer price is $21 per share and the
Draiman Guitars is offering 155,000 shares of stock in an IPO by a general cash offer. The offer price is $21 per share and the underwriter's spread is 7 percent. The administrative costs are $395,000. What are the net proceeds to the company? Multiple Choice $3,255,000 $2,632,150 10 0 0 0 0 $3,027,150 $2,860,000 $2,237150
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