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How many shares must be sold to bet 30 million what are

1. ABD is planning an IPO. Its underwriters say the stock will sell at $20. The direct costs will be $800,000. The underwriters will charge a 7% spread.

(a) How many shares must be sold to bet $30 million?
(b) If the stock price closes the first day at $22, how much has ABC left on the table?
(c) What are ABC's total costs for the IPO?

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Financial Accounting: How many shares must be sold to bet 30 million what are

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