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Suppose ACME Company raised $100 million of equity financing in an IPO by selling 20% of the company's stock (5 million shares) at an IPO

Suppose ACME Company raised $100 million of equity financing in an IPO by selling 20% of the company's stock (5 million shares) at an IPO price of $20 per share. Six months later, ACME stock was trading at $25 per share. Which of the following statements is true

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