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Draiman Guitars is offering 75,000 shares of stock in an IPO by a general cash offer. The offer price is $32 per share and the
Draiman Guitars is offering 75,000 shares of stock in an IPO by a general cash offer. The offer price is $32 per share and the underwriter's spread is 6.5 percent. The administrative costs are $315,000. What are the net proceeds to the company? Multiple Choice $1,614,000 $2,244,000 $2,400,000 $1,929,000 $2,085,000
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