URCES Question 12 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $2.80 per share. The offering price was $25.90 per share. x Your answer is incorrect. Try again. What were the total proceeds from the common-stock sale? Total proceeds VIDEO: SIMILAR PROBLEM X Your answer is incorrect. Try again. Study How much money did the company receive? Net proceeds to firm VIDEO: SIMILAR PROBLEM x Your answer is incorrect. Try again. How much money did the investment bank receive in fees? Underwriting spread Click if you would like to Show Work for this question: Open Show Work