FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Can I get help with part D please...
 
An online medical advice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued five million shares of common stock, and the underwriting fees were $1.90 per share. The offering price was $25.10 per share.
 
Total proceeds from common stock sale   $125,500,000.00
 
Net proceeds to firm   $116,000,000.00
 
(d)How much money did the investment bank receive in fees?

Underwriting spread   $
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