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In Its IPO, Jillian's Imprints, a Small Publishing House, Offered

Question 76

Multiple Choice

In its IPO, Jillian's Imprints, a small publishing house, offered stock at a price of $10.00 per share. The underwriters of this IPO had a spread of 6.5% per share. If 2 million shares were sold, what funds did Jillian's receive from the IPO?


A) $5.61 million
B) $18.70 million
C) $20.57 million
D) $22.44 million

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