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Draiman Guitars is offering 185,000 shares of stock in an IPO by a general cash offer. The offer price is $27 per share and the
Draiman Guitars is offering 185,000 shares of stock in an IPO by a general cash offer. The offer price is $27 per share and the underwriter's spread is 8 percent. The administrative costs are $425,000. What are the net proceeds to the company? $4,995,000 $3,745,400 $4,595,400 $4,570,000 $4,170,400
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