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YVR, Inc. just announced a 12-million-share SEO (seasoned equity offering) at $59 per share. If all of the SEO shares are primary shares and its

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YVR, Inc. just announced a 12-million-share SEO (seasoned equity offering) at $59 per share. If all of the SEO shares are primary shares and its underwriter charges 9% of the gross proceeds, how much new capital will YVR raise? After underwriting fees, YVR will raise $ million. (Round to two decimal places.)

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