Question: PRINTER VERSION 4 BACK Question 12 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm
PRINTER VERSION 4 BACK Question 12 An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $1.90 per share. The offering price was $27.60 per share. What were the total proceeds from the common-stock sale? Total proceeds $ How much money did the company receive? Net proceeds to firm How much money did the investment bank receive in fees? Underwriting spread $ Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT AN
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