What are the net proceeds to the firm

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Question: Raybac is about to go public. Its present stockholders own 450,000 shares. The new public issue will represent 960,000 shares. The shares will be priced at $55 to the public with a 18% spread. The out-of pocket costs will be $450,000. What are the net proceeds to the firm? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132068201

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