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The Answer isn't 57 million I have tried that and its wrong. Smith Brothers, Inc., sold 5 million shares in its IPO, at a price

The Answer isn't 57 million I have tried that and its wrong.image text in transcribed

Smith Brothers, Inc., sold 5 million shares in its IPO, at a price of $19.00 per share. Management negotiated a fee (the underwriting spread) of 6% on this transaction. What was the dollar cost of this fee? The cost of the underwriter fees was $ million. (Round to two decimal places.)

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