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Question 4 (1 point) ABC Co is doing an IPO using firm commitment underwriting. The offer price to the investors is $35 per share. The

Question 4 (1 point) ABC Co is doing an IPO using firm commitment underwriting. The offer price to the investors is $35 per share. The underwriter has agreed to pay $32 per share to ABC Co. In the first day of trading in the secondary market, ABC shares sell for $39. The spread in the IPO is

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