How much cash did wing corporation receive from its ipo

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Wing Corporation offers 35,000 shares of common stock to the public in an initial public offering (IPO). The underwriters agree to provide their services in a best efforts underwriting. The offering price is set at $34.65. The gross spread is $4. After completing their sales efforts the underwriters determine that they were able to sell a total of 33,750 shares. How much cash did Wing Corporation receive from its IPO?

Reference no: EM13264828

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