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What was the cost to the firm of the underwriting spread

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Question: Green Lantern Enterprises has just completed an initial public offering. The firm sold 2,350,000 new shares at an offer price of $8.00 per share. The underwritering spread was $1.12 a share. The firm incurred $75,000 in legal, administrative, and other costs. What was the cost to the firm of the underwriting spread?

Reference no: EM132757642

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