Question: *show work Square (SQ) sold 27,000,000 shares in its initial public offering (IPO). The estimated price was originally $11 $13 per share but the shares

*show work Square (SQ) sold 27,000,000 shares in its initial public

*show work

Square (SQ) sold 27,000,000 shares in its initial public offering (IPO). The estimated price was originally $11 $13 per share but the shares were ultimately sold to investors for 99.00 The underwriter fee was $0.495 per share or 5.5% of the total proceeds The shares opened at $11.20 but by the end of the first day of trading they closed at $12.85. One year later the price had fallen to $12.16. What was the dollar amount of the underwriter fee on the Square IPO? Enter your answer in whole dollars (zero decimals) and do not punctuate with stor commas. For example, if your answer is $4,500,000, enter 4500000

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