Part III: State St. Co. The State St. Co. has just gone public. Under a firm commitment agreement, the company received $17.64 for each of the 3.2 million shares sold. The initial offering price was $22.50 per share, and the stock rose to $24.15 per share in the first day of trading. The company paid $984,900 in direct legal and other costs and incurred $340,000 in other indirect costs. Question 15 Needs Answer Question 15 (4 points) Retake question How much are the proceeds? Round it to the nearest integer in whole dollars, i.e., $12.3456789 million must be submitted as 12,345,679 Your Answer: Question 15 options: Answer Next incorrect question Question 16 Needs Answer Question 16 (4 points) Retake question How much are the net proceeds? Round it to the nearest integer in whole dollars, i.e., $12.3456789 million must be submitted as 12,345,679