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Integral Underwriters has agreed to a firm commitment underwriting in which they will pay $ 6 2 . 5 million in exchange for 2 .

Integral Underwriters has agreed to a firm commitment underwriting in which they will pay $62.5 million in exchange for 2.125 million shares of stock for an IPO offering. The offering price is expected to be $31.00 a share. How much will the underwriters earn if all of the shares can be sold?
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