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Suppose a biotech company in Boston, Massachusetts, completes an $90 million IPO priced to the public at $75 per share. The firm receives $72 per

Suppose a biotech company in Boston, Massachusetts, completes an $90 million IPO priced to the public at $75 per share. The firm receives $72 per share and the out-of-pocket expenses are $470,500. The stock

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