Question: Need question B ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 6 million shares of common

Need question B

ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 6 million shares of common stock, and the underwriting fees were $2.96 per share. The offering price was $30.00 per share.

(a)


	Your answer is correct.

What were the total proceeds from the common stock sale?

Total Proceeds

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(b)

How much money did the company receive?

Net Proceeds to Firm

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