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Total proceeds from the common stock sale

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ABC C.O just completed an IPO with an investment on a firm-commitment basis. The firm issues 6 million shares of common stock, and the underwriting fees were 3.90 per share. The offering price was $30.00 per share.

a) What were the total proceeds from the common stock sale?

TOTAL PROCEEDS__________

b) How much money did the company receive?

NET PROCEEDS TO FIRM___________

c) How much money did the investment bank receive in fees?

Underwiting Spread_________

Reference no: EM133204918

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