Question: You are negotiating with your underwriters in a firm commitment offering of 9 million primary shares. You have two options set the IPO price at

You are negotiating with your underwriters in a firm commitment offering of 9 million primary shares. You have two options set the IPO price at $23.00 per share with a spread of 8%, or set the price at $22.60 per share with a spread of 5%. Which option raises more money for your firm? a GE The net price to the firm of the first option is s (Round to the nearest cent.)

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