Initial Public Offering (IPO): The owners of the firm (Phillip Black, the Series A investors, & the Series B investors) collectively decided 5 years later to undergo an IPO. The IPO involved the flotation of 25.000 million new shares for a total of $337.500 million from investors. The shares issued through the IPO correspond to 50.0% of Live Deliciously's ownership. The issue price was set at $13.50/share. However, on the first day of trading after the IPO, the firm's stock closed at $18.25/share. The underwriting fees were $35.000 million. G) What was the IPO underwriters' spread per share? (Round your answer to 3 decimal places. Use the unrounded value in any subsequent calculations that need it) $ 4.75 share of spread per share