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Raybac is about to go public. Its present stockholders own 490,000 shares. The new public issue will represent 850,000 shares. The shares will be priced

Raybac is about to go public. Its present stockholders own 490,000 shares. The new public issue will represent 850,000 shares. The shares will be priced at $45 to the public with a 12% spread. The out...

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