How much has abc left on the table

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1. ABD is planning an IPO. Its underwriters say the stock will sell at $20. The direct costs will be $800,000. The underwriters will charge a 7% spread. 

(a) How many shares must be sold to bet $30 million? 
(b) If the stock price closes the first day at $22, how much has ABC left on the table? 
(c) What are ABC's total costs for the IPO? 

Reference no: EM13971194

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