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Given the following case, answer questions 7 to 9 below: Patton Co. has just launched its initial public offering IPO with the help of Gamma

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Given the following case, answer questions 7 to 9 below: Patton Co. has just launched its initial public offering IPO with the help of Gamma Invest, a multinational investment bank. During the IPO, the firm issued 4 million new shares. The initial price was $28 per share, with Gamma Invest retaining $3.8 fees. The first day closing price was $33. 7. What were the gross proceeds from this offering?* $105 million $112 million $132 million $145 million None of the above 8. What offering percentage did Gamma Invest receive? * 10.48% 11.52% 12.63% 13.57% None of the above 9. What is the indirect cost of going public for Patton Co.? $4.8 million I $35.2 million $20 million $15.2 million

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