ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The...
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Finance
ABC C.o just completed an IPO with an investment bank on a firm-commitment basis. The firm issues 6 million shares of common stock, and the underwriting fees were $2.86 per share. The offering price was $30.00 per share.
(a)
What were the total proceeds from the common stock sale?
| Total Proceeds | $??
|
(b)
How much money did the company receive?
| Net Proceeds to Firm | $?? |
(c)
How much money did the investment bank receive in fees?
| Underwriting Spread | $?? |
Please Answer all 3 parts to the question and tell me which answer is for which part!
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