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What were the total proceeds from the common stock sale

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Reference no: EM133088137

Question - ABC Co. just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 7 million shares of common stock, and the underwriting fees were $2.01 per share. The offering price was $30.00 per share.

Required -

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

(b) How much money did the company receive?

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

Reference no: EM133088137

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