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Rayac is about to go public its stcokholders own 50000

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Rayac is About to go public. Its stcokholders own 500,00 shares. The new public issue will represent 700,000 shares. The shares will be Prices at $25.00 to the public with a 5% spread. the out of pocket cost will be $450,00. What are the net proceds to the firm?

Reference no: EM13611602

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