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Please give the correct answer. Case E: A company decided to go public. At that time, net income available to common shareholders amounted to P300,000.

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Case E: A company decided to go public. At that time, net income available to common shareholders amounted to P300,000. The number of common shares issued and outstanding is 125,000. How much is the net proceeds from issuance if underwriter spread is 2%?-P588,000 Case E: A company decided to go public. At that time, net income available to common shareholders amounted to P300,000. The number of common shares issued and outstanding is 125,000. How much is the net proceeds from issuance if underwriter spread is 2%?-P588,000

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