When Microsoft went public, the company sold 3 milion new shares (the primary issue). In addition, existing shareholders sold 8 million shares (the secondary issue) and kept 22.7 million shares. The new shares were offered to the public at $23, and the underwriters received a spread of $1.41 a share. At the end of the first day's trading, the market price was $37 a share. o. How much money did the company receive before paying its portion of the direct costs? (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Amount received million b. How much did the existing shareholders receive from the sale of their shares before paying their portion of the direct costs? (Do not round intermediate calculations. Enter your answer in millions rounded to 3 decimel plec unt received milion c. If the issue had been sold to the underwrit the same amount of cash? (Do not round intermediate calculetions. Enter your ans ers for $32 a share, how many shares would the company have needed to sell to raise in millions rounded to 3 decimal places.) Number of shares million 1 of 6 Next > O B ere to search