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Gemstone Warehouse has just gone public. Under a firm commitment agreement, Gemstone received $21.75 for each of the 7 million shares sold. The initial offering

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Gemstone Warehouse has just gone public. Under a firm commitment agreement, Gemstone received $21.75 for each of the 7 million shares sold. The initial offering price was $23.10 per share, and the stock rose to $25.40 per share in the first few minutes of trading. Gemstone paid $2,283,750 in direct legal and other costs, and $456,700 in indirect costs. What is the net amount raised by Gemstone? Select one: O a. $205,616,250 b. $161,700,000 e c. $140,516,250 o O d. $152,250,000 e. $149,966,250

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