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The Wrigley Corporation needs to raise capital. The investment banking firm of Dewey, Cheatum, and Howe will handle the transaction. They plan to sell 2,300,000

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The Wrigley Corporation needs to raise capital. The investment banking firm of Dewey, Cheatum, and Howe will handle the transaction. They plan to sell 2,300,000 shares of stock to the public at $20.50 per share. The corporation will receive a net price of $19 per share. a. How much will the corporation raise? b What is the percentage underwriting spread per share? Show your work

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