Question: During 2 0 2 4 , Apex, Inc. ' s assets rose by 1 7 million dollars while its liabilities fell by $ 9 million.

During 2024, Apex, Inc.'s assets rose by 17 million dollars while its liabilities fell by $9 million. Also during that year, it issued common stock. Assuming net income for the year of $16 million, and dividends declared of $5 million, what were the proceeds of the stock issue?

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