Problem 13.25 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 million shares of common stock, and the underwriting fees were $2.80 per share. The offering price was $25.70 per share.

What were the total proceeds from the common-stock sale? (Round answer to nearest whole dollar, e.g. 5,275.)

Total proceeds $

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How much money did the company receive? (Round answer to nearest whole dollar, e.g. 5,275.)

Net proceeds to firm $

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How much money did the investment bank receive in fees? (Round answer to nearest whole dollar, e.g. 5,275.)

Underwriting spread $