Question 12 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.50 per share. The offering price was $25.00 per share. What were the total proceeds from the common-stock sale? Total proceeds How much money did the company receive? Net proceeds to firm How much money did the investment bank receive in fees? Underwriting spread Click if you would like to Show Work for this question: Open Show Work