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Wright Brothers , Inc., sold 5 million shares in its IPO, at a price of $ 1 8 . 5 0 per share. Management negotiated
Wright Brothers Inc., sold million shares in its IPO, at a price of $ per share. Management negotiated a feethe underwriting spread of on this transaction. What was the dollar cost of this fee?
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The cost of the underwriter fees was $
enter your response here million.Round to two decimal places.
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