What are the net proceeds to the firm

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Question: Raybac is about to go public. Its present stockholders own 460,000 shares. The new public issue will represent 880,000 shares. The shares will be priced at $25 to the public with a 12% spread. The out-of pocket costs will be $430,000. What are the net proceeds to the firm?

Reference no: EM132068085

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