PART B 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. (a) Your answer has been saved. See score details after the due date. What were the total proceeds from the common-stock sale? Total proceeds $125,500,000? (b) How much money did the company receive? Net proceeds to the firm $______?

PART B 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. (a) Your answer has been saved. See score details after the due date. What were the total proceeds from the common-stock sale? Total proceeds $125,500,000? (b) How much money did the company receive? Net proceeds to the firm $______?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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(a)

Your answer has been saved. See score details after the due date.

What were the total proceeds from the common-stock sale?

Total proceeds

$125,500,000?

(b)

How much money did the company receive?

Net proceeds to the firm

$______?

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