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When ABC Company went public in September 2008, the offer price was $4.63 per share and the closing price at the end of the first

When ABC Company went public in September 2008, the offer price was $4.63 per share and the closing price at the end of the first day was $7.13. The company issued 5 million shares. What was the loss to the company due to under-pricing? (in millions of dollars to the nearest two decimal places eg $4.5766 million is 4.58)

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