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Green Lantern Enterprises has just completed an initial public offering. The firm sold 850,000 new shares at an offer price of $17.50 per share. The

Green Lantern Enterprises has just completed an initial public offering. The firm sold 850,000 new shares at an offer price of $17.50 per share. The under writing spread was $1.02 a share. The firm incurred $250,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread

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