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Problem 10-09 A company is going public with an offering price of $33 per share. The gross spread is 7 percent. The company plans on

Problem 10-09

A company is going public with an offering price of $33 per share. The gross spread is 7 percent. The company plans on issuing 6 million shares. How much money will the company raise in the offering? Do not round intermediate calculations. Round your answer to the nearest dollar.

$

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Problem 10-09 A company is going public with an offering price of $33 per share. The gross spread is 7 percent. The company plans on

Problem 10-09 A company is going public with an offering price of $33 per share. The gross spread is 7 percent. The company plans on issuing 6 million shares. How much money will the company raise in the offering? Do not round intermediate calculations. Round your answer to the nearest dollar. $

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Problem 10-09

A company is going public with an offering price of $33 per share. The gross spread is 7 percent. The company plans on issuing 6 million shares. How much money will the company raise in the offering? Do not round intermediate calculations. Round your answer to the nearest dollar.

$