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In the IPO, the firm AAA issued 3,000,000 news shares. The initial price was $18.00 per share and investment banking fees are $1.26 per

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In the IPO, the firm AAA issued 3,000,000 news shares. The initial price was $18.00 per share and investment banking fees are $1.26 per share. The final first-day closing price was $23.50. What were the investment banking fees? $50,220,000 $3,780,000 $54,000,000 $1,260,000

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